Page 396 - APPROVED ANNUAL BUDGET BOOK FY 21-22
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City of McAllen, Texas Adopted Budget 2022
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 3,365,444
Economic debt margin $ 528,641,232
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