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B. Deductions <br /> 1. Funding and refunding bonds authorized by orders intro- <br /> duced but not yet adopted ..................................................... <br /> $10,000,000 <br /> 2. Funding and refunding bonds authorized but not issued ... <br /> 3. Amount held in sinking funds or otherwise for the pay- $ 6,900,000 <br /> ment of gross debt other than debt incurred for water, <br /> gas, electric light or power purposes or sanitary sewer $ <br /> purposes (to the extent deductible under Section 159-55[b] <br /> of the Local Government Bond Act), or two or more of <br /> these purposes........................................................................ <br /> 4. Bonded debt included in gross debt and incurred or to be <br /> incurred for water, gas or electric light or power purposes, <br /> or any two or more of these purposes. .................................. $ <br /> 5. Bonded debt included in gross debt and incurred or to be <br /> incurred for sanitary sewer system purposes (to the <br /> extent deductible under Section 159-55[b] of The Local $ <br /> Government Bond Act). ......................................................... <br /> 6. Uncollected special assessments levied for local <br /> improvements for which gross debt (that is not otherwise <br /> deducted) was or is to be incurred, to the extent it will be $ <br /> applied, when collected, to the payment of such gross <br /> debt. ........................................................................................ <br /> 7. Estimate of special assessments to be levied for local <br /> improvements for which any part of gross debt (that is not <br /> otherwise deducted)was or is to be incurred, to the extent $ <br /> that the special assessments when collected, will be <br /> applied to the payment of any part of gross debt. ............... <br /> Total Deductions (Sum of 1 through 7) <br /> C. Net Debt being the difference between Total Gross Debt (A) $16,900,000 <br /> and Total Deductions (B)........................................................... <br /> $205,801,055 <br /> D. Assessed Value of property subject to taxation being the <br /> value from which the assessed value was last fixed for <br /> taxation as revealed by the County tax records and certified $16,014,391,296 <br /> by the County Tax Supervisor................................................... <br /> E. Percentage that Net Debt bears to the assessed value of <br /> property subject to taxation (C - D).......................................... <br /> 1.28 % <br /> I certify the above is correct to the Finance Officer's Signature Date <br /> best of my knowledge. <br />