City of Palm Desert
Direct and Overlapping Government Activities Debt
June 30, 2025
| 2024/25 Assessed Valuation: | $ 20,494,234,987 | | City's Share of |
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| OVERLAPPING TAX AND ASSESSMENT DEBT: | Total Debt 6/30/25 | % Applicable (1) | Debt 6/30/25 |
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| Desert Community College District | $ 640,515,000 | 17.343% | $ 111,084,516 |
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| Desert Sands Unified School District | 475,170,000 | 33.312% | $ 158,288,630 |
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| Palm Springs Unified School District | 440,983,050 | 4.589% | $ 20,236,712 |
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| City of Palm Desert Limited Obligation Improvement Bonds | 70,000 | 100.000% | 70,000 |
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| City of Palm Desert Community Facilities District No. 2005-1 | 4,365,000 | 100.000% | 4,365,000 |
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| City of Palm Desert Community Facilities District No. 2021-1 | 25,935,000 | 100.000% | 25,935,000 |
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| City of Palm Desert 1915 Act Bonds | 14,280,000 | 100.000% | 14,280,000 |
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| TOTAL OVERLAPPING TAX AND ASSESSMENT DEBT | | | $ 334,259,858 |
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| DIRECT AND OVERLAPPING GENERAL FUND DEBT: | | | | |
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| Riverside County General Fund Obligations | $ 1,134,209,783 | 4.829% | $ 54,770,990 |
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| Riverside County Pensions Obligations | 603,055,000 | 4.829% | $ 29,121,526 |
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| Desert Sands Unified School District Certificates of Participation | 6,325,000 | 33.312% | $ 2,106,984 |
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| City of Palm Desert | - | 100.000% | - |
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| Desert Recreation District Certificates of Participation | 993,462 | 25.068% | $ 249,041 |
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| TOTAL DIRECT AND OVERLAPPING GENERAL FUND DEBT | | | $ 86,248,541 |
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| OVERLAPPING TAX INCREMENT DEBT: (SUCCESSOR AGENCIES) | $ 346,855,000 | 0.165-100% | $ 126,738,946 |
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| TOTAL CITY DIRECT DEBT | | | $ 3,376,500 |
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| TOTAL OVERLAPPING DEBT | | | $ 547,247,345 |
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| COMBINED TOTAL DEBT | | | $ 550,623,845 | (2) |
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The percentage of overlapping debt applicable to the city is estimated using taxable assessed property value.
Applicable percentages were estimated by determining the portion of the overlapping district's assessed value that is within the boundaries of the city divided by the district's total taxable assessed value.
Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue and non-bonded capital lease obligations.
| Ratios to 2024-2025 Adjusted Assessed Valuation: |
| Total Overlapping Tax and Assessment Debt | 1.63% | |
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| Total Direct Debt ($0) | 0.02% | |
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| Net Combined Total Debt | 2.69% | |
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| Ratios to Redevelopment Successor Agencies Incremental Valuation | $(13,796,239,873) | |
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| Total Overlapping Tax Increment Debt | 0.92% | |
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Source: California Municipal Statistics, Inc., City of Palm Desert Finance Department