Page 26 - Town of Bedford FY 2018-2019 Budget.pdf

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Debt Service Load: The debt service load ratio measures the extent to which the Town’s non-capital
expenditures were comprised of debt service payments on long-term debt, excluding any debt
payments reimbursed by the Bedford Regional Water Authority (BRWA) Agreement. It also measures
the amount of property tax revenue used to pay the current debt service, excluding any debt payments
reimbursed by BRWA. As of the last reported CAFR, the percentage of debt service and non-debt
expenditures was 94.6%. The debt service as a percentage of property tax revenues was 21.6%.

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