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