City of Palm Desert
Legal Debt Margin Information
Last Ten Fiscal Years
| Assessed Value | $ 20,494,234,987 |
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| Debt Limit (15% of Assessed Value) (1) | 3,074,135,248 |
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| Debt Applicable to Limit: | |
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| General Obligation Bonds | 926,000 |
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| Less: Amount set aside for repayment of general obligation debt | - |
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| Total Debt Applicable to Limit | - |
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| Legal debt margin | $ 3,073,209,248 |
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FISCAL YEAR
2016 2017 2018 2019 2020
Debt Limit 2,059,815,120 2,114,442,742 2,167,115,649 2,256,723,736 2,345,639,686
Total Net debt applicable to limit 1,451,000 1,410,000 1,368,000 1,310,000 1,178,000
Legal debt margin 2,058,364,120 2,113,032,742 2,165,747,649 2,255,413,736 2,344,461,686
Total net debt applicable to the limit as a percentage of debt limit 0.07% 0.07% 0.06% 0.06% 0.05%
FISCAL YEAR
2021 2022 2023 2024 2025
Debt Limit 2,432,559,897 2,513,282,720 2,692,646,137 2,899,106,873 3,074,135,248
Total Net debt applicable to limit 1,130,000 1,082,000 1,032,000 980,000 926,000
Legal debt margin 2,431,429,897 2,512,200,720 2,691,614,137 2,898,126,873 3,073,209,248
Total net debt applicable to the limit as a percentage of debt limit 0.05% 0.04% 0.04% 0.03% 0.03%
(1) Section 43605 of the California Government Code.
Source: California Municipal Statistic, Inc. San Francisco