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City's Share
<br />City Overlapping Debt: Total Debt
<br />% Applicable 1 of Debt
<br />San Mateo Community College District 655,171,697$ 10.17%66,650,617$
<br />Sequoia Union High School District 449,512,000 23.76%106,790,566
<br />Belmont- Redwood Shores School District 124,104,335 38.64%47,958,879
<br />Belmont School Facilities Improvement District 14,630,000 91.13%13,331,734
<br />Belmont-Redwood Shores School District School Facilites Improvement Distr. 38,785,685 0.01%1,939
<br />Redwood City School District 241,985,000 61.16%148,002,866
<br />San Carlos School District 140,271,219 0.70%981,899
<br />Midpeninsula Regional Park District 114,920,000 7.75%8,905,151
<br />Redwood City Redwood Shores Community Facilities District No. 99-1 5,205,000 100.00%5,205,000
<br />Redwood City Community Facilities District 2010-1 3,245,000 100.00%3,245,000
<br />TOTAL DEBT REPAID WITH PROPERTY TAXES 401,073,651
<br />Other Debt:
<br />San Mateo County General Fund Obligations 530,970,772 10.17% 54,015,657
<br />San Mateo County Board of Education Certificates of Participation 5,330,000 10.17%542,221
<br />Mid peninsula Regional Park District General Fund Obligations 74,065,600 7.75% 5,739,343
<br />Belmont-Redwood Shores School District General Fund Obligations 4,494,140 38.64% 1,736,715
<br />San Mateo Mosquito and Vector Control General Fund Obligations 3,185,295 10.17%324,040
<br />TOTAL OTHER DEBT 62,357,976
<br />Overlapping Tax Increment Debt (Successory Agency)6,736,935 100.00% 6,736,935
<br />TOTAL OVERLAPPING DEBT 470,168,562
<br />City Direct Debt:
<br />City of Redwood City Governmental Activities Obligations 61,740,114 100.00% 61,740,114
<br />TOTAL DIRECT DEBT 61,740,114
<br /> COMBINED TOTAL DEBT 531,908,676$
<br />City of Redwood City
<br />Direct and Overlapping Governmental Activities Debt
<br />As of June 30, 2025
<br />1 The percentage of overlapping debt applicable is estimated using taxable assessed property values. Applicable percentages were estimated by
<br />determining the portion of the county's taxable assessed value that is within the government's boundaries and dividing it by the county's total taxable
<br />assessed value.
<br />Note: Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the City. This schedule estimates the
<br />portion of the outstanding debt of those overlapping governments that is borne by the residents and businesses of the City of Redwood City. This
<br />process recognizes that, when considering the government's ability to issue and repay long-term debt, the entire debt burden borne by the residents
<br />and businesses should be taken into account. However, this does not imply that every taxpayer is a resident, and therefore responsible for repaying
<br />the debt of each overlapping government.
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