FY 2025 26 Long Term Debt

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LONG TERM DEBT SCHEDULE 
 
GENERAL OBLIGATION BOND, SERIES 2021 
 
 
Debt Type 
Acquisition 
Date 
Fiscal Year 
Due 
 
Principal 
 
Interest 
 
Total 
Construction of  a new 
animal shelter, fire 
training facility, street 
improvements related to 
the new school, and city 
hall renovations, 2-3%.  
 
Funded by a transfer 
from the General Fund  
to the Debt Service 
Fund. 
10/2021 2025-26 
2026-27 
2027-28 
2028-29 
2029-30 
2030-31 
2031-32 
2032-33 
2033-34 
2034-35 
2035-36 
2036-37 
2037-38 
2038-39 
2039-40 
2040-41 
2041-42 
2042-43 
2043-44 
2044-45 
2045-46 
$240,000 
245,000 
255,000 
260,000 
270,000 
275,000 
280,000 
285,000 
290,000 
300,000 
305,000 
310,000 
315,000 
320,000 
330,000 
335,000 
340,000 
350,000 
355,000 
365,000 
370,000 
$140,415 
133,215 
125,865 
118,215 
110,415 
105,015 
99,515 
93,915 
88,215 
82,415 
76,415 
70,315 
64,115 
57,815 
51,415 
44,815 
38,115 
30,975 
23,625 
16,170 
8,140 
$380,415 
378,215 
380,865 
378,215 
380,415 
380,015 
379,515 
378,915 
378,215 
382,415 
381,415 
380,315 
379,115 
377,815 
381,415 
379,815 
378,115 
380,975 
378,625 
381,170 
378,140 
Total $6,395,000 $1,579,115 $7,974,115 
 
 
Total Debt Payments for FY 2025-26 Principal Interest Total 
 $909,420 $998,906.89 $1,908,326.89 
 
Total Debt Outstanding Principal Interest Total 
 $45,639,520 $20,352,411.70 $65,991,931.70 
   
Debt Per Capita Total Debt Population  Debt Per Capita 
 $65,991,931.70 14,731 $4,480 
 
Note: Tennessee does not impose a legal debt margin on municipalities.