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Fiscal Year <br />2007 <br />2008 <br />2009 2010 2011 <br />2012 <br />$ 84,512,230 <br />$ 135,671,256 <br />$ 133,654,878 $ 128,642,142 $ 119,552,196 <br />$ <br />112,558,872 <br />8,45500 <br />10,44000 <br />11,01500 9,03500 18,09000 <br />32,79500 <br />$ 76,057,230 <br />$ 125,231,256 <br />$ 122,639,878 $ 119,607,142 $ 101,462,196 <br />$ <br />79,763,872 <br />10.00% <br />7.70% <br />8.24% 8.24% 15.13% <br />29.14% <br />Legal Debt Margin Calculation for Fiscal <br />Year 2012 <br />Estimated Market Value <br />$ <br />3,751,962,400 <br />Debt Limit (3% of total estimated market value) <br />112,558,872 <br />Debt applicable to limit: <br />Total Bonded Debt <br />34,38500 <br />Less: <br />Special Assessment Bonds <br />43500 <br />Housing Bonds <br />1,15500 <br />Total net debt applicable to limit <br />32,79500 <br />Legal Debt Margin <br />$ <br />79,763,872 <br />123 <br />