Laserfiche WebLink
City of Roseville <br />Legal Debt Margin Information <br />Last Ten Fiscal Years <br />(amounts expressed in whole dollars) <br />Debt Limit <br />Total net debt applicable to limit <br />Legal debt margin <br />Total net debt applicable to the limit <br />as a percentage of debt limit <br />Fiscal Year <br />2002 2003 2004 2005 <br />$ 52,994,918 $ 59,08400 $ 64,941,138 $ 71,034,242 <br />$ 52,994,918 $ 49,38400 $ 55,241,138 $ 61,499,242 <br />0.00% 16.42% 14.94% 13.42% <br />Note: Under Minnesota state law, the City of Roseville's net debt cannot exceed 3 percent of the estimated <br />market value of property. This limit increased from 2% to 3% in calendar 2008. <br />126 <br />