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6 <br />KPI: Debt to Tax Levy (includes internal loans, but not TIF) <br />The City will limit the amount of property tax levy dedicated to external debt service to less than 15% of <br />the total tax levy. <br />RESULTS <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />INTERPRETATION <br /> <br />History shows the ratio of debt to tax levy has remained below 15%. The City has taken measures to ensure all external <br />debt, not including TIF, remains below 15%. <br /> <br />RESPONSE <br />While past history demonstrates the debt levy ratio remains below 15%, steps need to be taken to ensure this K PI is followed in <br />future years. Failure to do so could result in lower bond ratings for the City. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />0% <br />2% <br />4% <br />6% <br />8% <br />10% <br />12% <br />2014 2015 2016 2017 2018 Proposed 2019 <br />12% <br />10% <br />6% <br />8%8% <br />6% <br />Ratio of Debt to Tax Levy