Page 289 - CityofKellerFY25Budget

DEBT SERVICE FUND

LEGAL DEBT MARGIN

The State of Texas limits general obligation debt of the City of Keller to a maximum debt service rate of $2.50 for $100 assessed
valuation and administratively the Attorney General of the State of Texas will permit a maximum debt service rate of $1.50 of ad
valorem tax rate for general obligation debt service.
2.50 1.50
ATTORNEY
STATE LEGAL GENERAL
ANNUAL ANNUAL
A
S
MAXIMUM DEBT
FISCAL SESSED MAXIMUM DEBT DEBT PER
YEAR VALUATION LEVEL LEVEL CAPITA
2020-21 5,171,412,567 129,285,314 77,571,189 71.98
2021-22 5,128,903,941 128,222,599 76,933,559 69.55
2022-23 5,646,152,868 141,153,822 84,692,293 77.29
2023-24 6,346,418,859 158,660,471 95,196,283 76.95
2024-25 $6,725,972,969 $168,149,324 $100,889,595 $75.14

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