Laserfiche WebLink
City of Paris, Texas <br />Direct and Overlapping <br />Governmental Activities Debt <br />September 30, 2012 <br />Unaudited <br />Taxing Jurisdiction <br />Lamar County <br />Paris Independent School District <br />Chisum Independent School District <br />North Lamar Independent School District <br />Subtotal Overlapping Debt <br />City of Paris <br />Total Direct and Overlapping Debt <br />Per Capita Direct and Overlapping Funded Debt <br />General <br />Obligation <br />Bonded Debt <br />Outstanding <br />$ 4,542,496 <br />53,428,270 <br />9,590,000 <br />3,300,000 <br />70,860,766 <br />10,750,600 <br />$ 81,611,366 <br />$ 3,221 <br />Percent <br />Applicable <br />to <br />Government <br />62.75% <br />49.30 <br />47.75 <br />32.67 <br />100.00% <br />Sources: Outstanding debt and applicable percentages provided by each governmental unit. <br />Table 11 <br />Amount <br />Applicable <br />to <br />Government <br />$ 2,850,416 <br />26,340,137 <br />4,579,225 <br />1,078,110 <br />34,847,888 <br />10,750,600 <br />$ 45,598,488 <br />$ 1,800 <br />Note: $7,764,400 debt included in Refunding Bonds will be retired by the Water and Sewer Fund and is not <br />included in the above calculation of Per Capita Direct Debt. Overlapping governments are those that <br />coincide, at least in part, with geographic boundaries of the city. This schedule estimates the portion of <br />the outstanding debt of those overlapping governments that is borne by the property taxpayers of the City <br />of Paris. This process recognizes that, when considering the government's ability to issue and repay long- <br />term debt, the entire debt burden borne by the property taxpayers should be taken into account. However, <br />this does not imply that every taxpayer is a resident, and therefore responsible for repaying the debt, of <br />each overlapping go��'rnment. <br />91 <br />