2012 Annual Debt Statement

The document is the Annual Debt Statement for the City of Port Republic, New Jersey, for the budget year ending December 31, 2012. It details the city's gross debt, deductions, and net debt, including obligations for municipal, county, local school, and regional school purposes. As of the statement date, the city's municipal/county general obligation debt is reported as $940,000.00, with an equal net debt of $940,000. The equalized valuation basis is calculated as $139,343,493.00, resulting in a net debt expressed as 0.675% of the equalized valuation basis.