Cities Index.
Att 2 - GO Bond Debt Service Tax Rate Calculation

San Mateo City Council
June 2, 2025

Document
Att 2 - GO Bond Debt Service Tax Rate Calculation
Meeting
June 2, 2025
Body
San Mateo City Council
Original file
73 KB
Text extracted from the city's file for reading and search. Open the original on sanmateo.primegov.com. That file is the official record.

Principal Interest Total Debt Service Payment
GO Bonds 2013 Library Debt Service Payment 1,720,000$ 351,650$ 2,071,650$ Less: use of fund balance 1,000,000$
Adjusted Total 1,071,650$
City of San Mateo Total Net Taxable Assessed Value 38,091,510,451$ Add: Estimated 4% increase 1,523,660,418$
2025-26 Projected Assessed Value 39,615,170,869$
GO Bonds Tax Levy 0.00003
City of San Mateo
Schedule of General Obligation Bonds (GO Bonds) Debt Service Fiscal Year 2025-26 Tax Rate Calculation

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