Laserfiche WebLink
B. Annual Reguirements <br /> The annual requirements to amortize all long-term debt outstanding as <br /> of June 30, 1992 are as follows: <br /> 1993 $ 2,378,900 <br /> 1994 2,221,900 <br /> i <br /> 1995 2,206,900 i <br /> 1996 2,056,900 <br /> } : 1997 1,856,900 <br /> 1998 and after 3,188,800 <br /> Total $ 13,910,300 <br /> C. Tial Debt Margin <br /> The Town is subject to the General Laws of the ConmrmTealth of <br /> Massachusetts which limits the amount of bonded debt (exclusive of <br /> several categories of general obligation debt issues exempt fr m the <br /> debt limit) the Town may have outstanding to 5 percent of the <br /> valuation of taxable property as last equalized by the Commonwealth's <br /> Department of Revenue. The following is a mutation of the legal <br /> debt margin as of June 30, 1992. <br /> Equalized valuation - June 30, 1992 $ 1,734,885,000 <br /> Debt limit - 50 of equalized valuation $ 86,744,250 <br /> Total debt outstanding $ 13,910,300 <br /> II <br /> Less: debt exempt fra¢n limit 8,021,500 5,888,800 <br /> Legal Debt Margin $ 80,855,450 <br /> D. Bond Authorizations <br /> Long-term debt authorizations which have not been issued or rescinded <br /> I <br /> as of June 30, 1992 are as follows: <br /> Date Authorized Purpose An=i t <br /> 10/01/90 Santuit Roads $ 406,600 <br /> 05/07/89 Santuit Roads 42,500 <br /> 10/01/90 Santuit Roads 650,000 <br /> 05/06/91 Septic Treatment - Engineer 100,000 � <br /> r 05/06/91 Road Taking and Inprovements 800,000 <br /> 05/06/91 Contamination Engineer 129,000 <br /> 05/07/89 Town Hall Architect 100,000 <br /> 05/07/89 Elementary School Architect 15,000 <br /> 11/13/89 Johns Ponds Road 11,000 <br /> 03/16/92 Mashpee Middle School Addition 2 137,000 <br /> a� i <br /> Total $ 4,391,100 <br /> - 15 - <br />