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2012 2013 2014 2015 2016 2017 <br />31,302,591$ 31,064,151$ 31,654,614$ 33,672,840$ 34,326,648$ 35,201,928$ <br />– – – – – – <br />31,302,591$ 31,064,151$ 31,654,614$ 33,672,840$ 34,326,648$ 35,201,928$ <br />– – – – – – <br />Total estimated market value 1,173,397,600$ <br />Debt limit (3% of market value)35,201,928 <br />Debt applicable to limit <br />General obligation bonds – <br />Less amount set aside for repayment <br /> of general obligation debt – <br />Total net debt applicable to limit – <br />Legal debt margin 35,201,928$ <br />Legal Debt Margin Calculation for Fiscal Year 2017 <br />-87-