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facilities may involve issuing additional •Limitations on Debt Copies of the City's Comprehensive <br /> debt, with voter approval. The state limits the amount of general Annual Financial Report are available <br /> •Long-term Debt obligation debt the City can issue to 3 for review at the Library and can be <br /> At year-end the City had $13.7 million percent of the actual value of all obtained from the Finance <br /> in bonds and notes outstanding-a taxable property within the City's.The Department at City Hall. <br /> decrease of 8.1%. current debt limit is $59.3 million. <br /> •Bond Ratings •Sales and Property Taxes <br /> Since 2000 the City's general Sales taxes and property taxes are the <br /> obligation bonds have been rated Al, largest components of the City's <br /> upgraded from A3. governmental revenues. <br /> City of Louisville - Sales and Property Tax History(millions) <br /> Property Tax Sales Tax <br /> Year Amount %Change Amount %Change <br /> 1992 $ 835,807 $ 2,303,436 <br /> 1993 905,262 8.3% 2,948,313 28.0% <br /> 1994 1,002,770 10.8% 3,967,802 34.6% <br /> 1995 1,024,336 2.2% 4,097,391 3.3% <br /> 1996 1,102,877 7.7% 4,695,839 14.6% <br /> 1997 1,175,383 6.6% 6,654,927 41.7% <br /> 1998 1,201,966 2.3% 7,802,494 17.2% <br /> 1999 1,275,959 6.2% 9,353,478 19.9% <br /> 2000 1,348,875 5.7% 9,876,434 5.6% <br /> 2001 1,458,094 8.1% 9,674,604 -2.0% <br /> 2002 Budget 1,957,853 [1] 34.3% 9,561,416 -1.2% <br /> [1]Property taxes exempted from TABOR by the voters. <br /> City of Louisville - Outstanding Debt (millions) <br /> i Total <br /> Governmental Business-type Percentage <br /> Adivities Activities Total Change <br /> 2000 2001 2000 2001 2000 2001 2000-2001 <br /> General obligation bonds <br /> (backed by the City) 2.9 2.6 2.9 2.6 -10.3% <br /> Revenue bonds and notes <br /> (backed by specific tax <br /> and fee revenues) 5.3 4.8 6.7 6.3 12.0 11.1 -7.5% <br /> Total 5.3 4.8 9.6 8.9 14.9 13.7 -8.1% <br /> T - - - - <br /> City of Louisville -Net Cost of Governmental Activities (millions) <br /> Total Cost Percentage Net Cost Percentage <br /> of Services Change of Services Change <br /> 1)22 2001 2000-2001 2000 2001 2000-2001 <br /> police $ 2.8 $ 2.9 3.6% $ 2.6 $ 2.6 0.0% <br /> icworks 2.1 2.3 9.5% 1.1 1.6 45.5% <br /> ibrary 0.9 0.9 0.0% 0.8 0.9 12.5% <br /> c Recreation 3.4 3.9 14.7% 1.6 (3.4) -312.5% <br /> )ther 3.0 3.7 23.3% 2.1 2.7 28.6% <br /> Total $ 12.2 $ 13.7 12 30/a $ 8.2 $ 4.4 -46 3% <br />