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Assessor's Estimated Market Value 3,441,380,700 <br />Multiply by 3% 0.03 <br />Statutory Debt Limit 103,241,421 <br />Less: Existing Debt Subject to the Limit (3,035,000) <br />Less: Proposed CIP Bond Issue(s)(16,000,000) <br />Unused Debt Limit 84,206,421