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2016.02.03 EDC Packet Combined
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2016.02.03 EDC Packet Combined
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7 <br /> KPI: Debt to Tax Levy <br />The City will limit the amount of property tax levy dedicated to debt service to less than 15% of the <br />total tax levy. <br /> <br />RESULTS <br /> <br /> <br /> <br /> <br />INTERPRETATION <br /> <br />History shows the ratio of debt to tax levy has remained below 15%. <br /> <br /> <br />RESPONSE <br /> <br />While past history demonstrates the debt levy ratio remains below 15%, steps need to be taken to ensure this KPI is <br />followed in future years. Failure to do so could result in lower bond ratings for the City. <br /> <br /> <br /> <br />0% <br />2% <br />4% <br />6% <br />8% <br />10% <br />12% <br />2014 2015 2016 Projected <br />Ratio of Debt to Tax Levy
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