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2014 2015 2016 2017 2018 2019 <br />31,654,614$ 33,672,840$ 34,326,648$ 35,201,928$ 37,806,864$ 39,397,347$ <br />– – – – – – <br />31,654,614$ 33,672,840$ 34,326,648$ 35,201,928$ 37,806,864$ 39,397,347$ <br />– – – – – – <br />Total estimated market value 1,313,244,900$ <br />Debt limit (3% of market value)39,397,347 <br />Debt applicable to the limit <br />General obligation bonds – <br />Less amount set aside for repayment <br /> of general obligation debt – <br />Total net debt applicable to the limit – <br />Legal debt margin 39,397,347$ <br />Legal Debt Margin Calculation for Fiscal Year 2019 <br />-85-