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2018 <br />2019 <br />2020 <br />2021 <br />2022 <br />2023 <br />$ 37,806,864 <br />$ 39,397,347 <br />$ 42,186,225 <br />$ 43,808,685 <br />$ 43,904,352 <br />49,673,643 <br />$ 37,806,864 <br />$ 39,397,347 <br />$ 42,186,225 <br />$ 43,808,685 <br />$ 43,904,352 <br />$ 49,673,643 <br />Legal Debt Margin Calculation for Fiscal Year 2023 <br />Total estimated market value $1,655,788,100 <br />Debt limit (3% of market value) 49,673,643 <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 the limit — <br />Legal debt margin $ 49,673,643 <br />-90- <br />