How much can be borrowed?
State law sets the city’s debt limit at 10% of the assessed value of real property located in the city. The city’s adopted policy is that the General Fund’s annual debt service will not exceed 9.5% of the combined city and School revenue for that year. If you have any questions, please email Budget and Evaluation.

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1. What is the Capital Improvements Plan?
2. How are Capital Improvements Plan projects paid for?
3. What does the Bond Authorization permit the city government to do?
4. How can the city proceed with projects if it has not sold bonds to get the cash needed to pay for them?
5. How much can be borrowed?