Greg from Ehlers and Associates, the financial advisors to Evansville, reviews the debt capacity of the City with respect to General Obligation borrowing, and where we are as a city.
definition:
ASSESSED VALUATION - the value of property against which an ad valorem tax is levied, usually a percentage of "true" or "market" value. In Wisconsin, the Department of Revenue annually publishes an "Equalized Value" report that estabishes the real estate value in each municipality for debt purposes. Under the Wisconsin Constitution, municipalities may not have general obligation debts outstanding that exceed 5% of their equalized value.
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