Page 371 - Budget Book FY2020-2021
P. 371
COMPUTATION OF LEGAL DEBT MARGIN
SEPTEMBER 30, 2021
Assessed valuation 2020 tax roll for
fiscal year 2020-2021 $ 10,640,133,512
Debt limit - Texas statutes do not
prescribe a debt limit; however,
by custom, a practical economic debt
limit of 5% of the assessed valuation
is used. 5%
Total bonded debt 532,006,676
Deduct amount available in debt service fund 2,840,353
Economic debt margin $ 529,166,323
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