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<br />FUNDED DEBT LIMITATION
<br />
<br />-here is no direct deot limitation in the City Charter or under State Law. The City operates
<br />under a Home Rule Charter that limits the maximum tax rate, for all City purposes, to $Z.50
<br />Der 51~ssessed Valuation. ,~dministratively, the A.ttorney General of the State of Texas
<br />dill oermit allocation of 51.50 of the S2.50 maximum tax rate for general obligation debt
<br />service,
<br />
<br />VALUATION AND FUNDED DEBT HISTORY
<br />
<br />Ratio Funded
<br />Funded Debt Debt to
<br />Estirlatpd Taxabl e Outstandi ng Taxabl e
<br />Fiscal Actual Assessed at End Assessed
<br />Period Valuation Valuation of Year Taxable
<br />1974175 S136,144,086 $ 95,300,860 51,898,000 1.99%
<br />1975176 139,435,086 97,604,560(1) 1,808,000 1.85%
<br />1976177 143,580,363 100,506,254 1,703,000 1,69%
<br />1977178 150,216,315 105,151,421 1,673,000 1.59%
<br />1978179 156,072,491 109,250,744 1,639,000 1,5m;
<br />1979/80 162,225,151 113,557,606 1,514,000 1,33%
<br />1980/81 172,465,896 120,726,127 1,421,000 1.18%
<br />1981/82 192,893,296 192,893,296(2) 1,606,000 0.83%
<br />1982/83 357,869,077 357,869,077(3) 1,969,000 0.55%
<br />1983/84 379,289,773 379,239,773 2,034,000(4) 0.54%
<br />
<br />1 Increase in basis of assessment from 60% to 70%.
<br />2 Increase in basis of assessment from 70% to 100%.
<br />3 Full revaluation and first year of appraisal by Hays County Appraisal District.
<br />4 Includes 5300,000 Combination Tax and Revenue Certificates of Obligation in the process
<br />of being issued at this time.
<br />
<br />ESTIMATED FUTURE NET TAXABLE ASSESSED VALUATIONS
<br />
<br />1984 $417,000,000
<br />1985 458,700,000
<br />1986 .505,000,000
<br />1987 555,500,000
<br />1988 611,050,000
<br />
<br />Source: City Tax Office.
<br />
<br />ESTIMATED OVERLAPPING FUNDED DEBT PAYABLE FROM AD VALOREM TAXES
<br />(As of 9-30-83)
<br />
<br />Estimated
<br />Total % Overlapping
<br />Taxing Jurisdiction Funded Debt Applicable Funded Debt
<br />City of 5an Marcos 52,269,000(1) 100.00% $2,269,000
<br />San r1arcos Independent School District 5,300,000 71 ,42~6 3,785,260
<br />Hays County None 33.23% -0-
<br />Upper San Marcos Watershed and Reclamation
<br />District 1,825,000 75.48% 1,377,510
<br />
<br />Total Overlapping Funded Debt 57,431,770
<br />
<br />Ratio Overlapping Funded Debt to Taxable Assessed Valuation -------------------- 1 ,96~
<br />
<br />Per Capita Overlapping Funded Debt - 5297.27
<br />
<br />(1) Includes the 5300,000 Certificates in process of issuance.
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