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Why it Matters: Large debt levels relative to the ability of the unit to generate revenue are a clear sign of fiscal distress. This variable is constructed by taking Governmental Activities Long-term debt and dividing it by the Taxable Value of the municipality. Any unit with a debt to taxable value ratio above 6 percent is scored a 1 and those beneath it a 0. (n001) (o301)

Data Source: The historical data presented has been loaded from information provided by the US Census Bureau or State Department of Treasury. Current and future year data has been entered by the municipality based on current budget and forecast information, or by Munetrix from available audited or budget information found in the public domain. (n032)

Long-term Debt as % of Taxable Value

Peer Group2006200720082009201020112012201320142015201620172018
Independence Township0.00.00.00.00.00.00.00.00.00.00.00.00.0
Waterford Township1.01.01.01.01.01.01.01.00.00.00.00.00.0
White Lake Township1.01.01.01.01.01.01.01.00.00.00.00.00.0
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Average 0.670.670.670.670.670.670.670.6700000