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<br /> VALUATION AND DEBT INFORMATION
<br /> 1983 ,.1a¡-ket ialuation, Established by Hays County .ßppraisal District 5390,146,738
<br /> Less Local ExemPtions at ,"arket Value:
<br /> Residence ~omestead over 65) (1) 58,405,720
<br /> Disabled Veterans / 143,500
<br /> Agricultural Reductions (3) 2,307,745 10,856,965
<br /> 1983 Net Taxable Assessed Valuation 5379,239,773
<br /> :ity Funded Debt Payable From Ad Valorem Taxes: (4)
<br /> General Obligation Bonds (as of 9-30-83) 5 944,000
<br /> Combination Tax and Airport Revenue Certificates of Obligation
<br /> (as of 9-30-83) 1 05,000
<br /> Combination Tax and Waterworks and Sewer System Revenue
<br /> Certificates of Obligation (as of 9-30-83) 920,000
<br /> Combination Tax and Revenue Certificates of Obligation in process
<br /> of issuance 300,000
<br /> Total General Obligation Debt 5 2,269,000
<br /> Less Self-Supported Debt:
<br /> Combination Tax and Revenue Watenvorks and Sewer System Revenue
<br /> Certifica~es of Obligation 920,000
<br /> Net Funded Debt Payable From Ad Valorem Taxes S 1,349,000
<br /> General Obligation Interest and Sinking Fund
<br /> (as C'f 9-30-83) S 482,279
<br /> Airport Interest and Sinking Fund
<br /> (as of 9-30-93) S 6,872
<br /> Ratio Net Funded Debt to Net Taxable Assessed Valuation ------------------------------- 0.36%
<br /> 1980 U.S. Census Population -- 23,420
<br /> 1983 Estimated Population -- 25,000*
<br /> Per Capita Taxable Assessed Valuation - 515,171,59
<br /> Per Capita Total Debt - $90.76
<br /> Area - 14.02 Square Miles
<br /> *Source: Chamber of Commerce.
<br /> (1) Pursuant to authority permitted by Section l-b, Article VIII of the State Constitution,
<br /> which became effective January 1, 1973, the City, beginning in 1974, has granted a property
<br /> tax exemption to the residence homestead of property owners over 65 years of age.
<br /> (2) The Legislature, pursuant to a constitutional amendment and Article 7150h, VATCS, man-
<br /> dated an additional property tax exemption, beginning in 1976, for disabled veterans or the
<br /> surviving spouse or children of a deceased veteran who died while on active duty in the armed
<br /> forces. The exemption from taxation applies to either real or personal property with the
<br /> amount of Assessed Valuation exempted ranging from $1,500 to 53,000, dependent upon the amount
<br /> of disability or whether the exemption is applicable to a surviving spouse or children,
<br /> (3) Reductions made to the Appraised Value of productive agricultural and open-space lands
<br /> under the provisions of Article VIII, Sections l-d and l-d-l of the State Constitution,
<br /> (4) The above statement of indebtedness does not include the following revenue bonds, as
<br /> these bonds are payable solely from the net revenues of the System, as defined in the Bond
<br /> Ordinance authorizing the bonds: $1,315,000 Waterworks and Sewer System Revenue Bonds;
<br /> 51,500,000 ,'Jaterworks and Sewer System Certificates of Obligation now being issued.
<br /> NON-FUNDED DEBT
<br /> The Ci ty ha s no unfunded debt outstandi ng a s of December 1, 1983,
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