2023 Annual Comprehensive Report

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Legal Debt Margin Calculation for Fiscal Year 2023

Assessed Value

$ 38,559,625,844

Debt Limit (8 % of assessed value) Debt Applicable to Limit: Bonds Authorized and Unissued

3,084,770,068 (a)

108,095,000 309,770,000 94,213,581

General Obligation Bonds Other Long Term Debt

Less: Amount Set Aside For Repayment

(19,739,284) 492,339,297 2,592,430,771

of General Obligation and Other Debt Total Net Debt Applicable to Limit

Legal Debt Margin

$

2018

2019

2020

2021

2022

2023

$ 2,200,500,690

$ 2,235,427,170

$ 2,327,609,002

$ 2,375,418,241

$

2,380,066,778 379,226,311

$ 3,084,770,068

457,378,275

412,446,683

411,158,443

390,970,239

492,339,297

$ 2,592,430,771

$ 1,743,122,415

$ 1,822,980,487

$ 1,916,450,559

$ 1,984,448,002

$

2,000,840,467

79.21%

81.55%

82.34%

83.54%

81.05%

84.04%

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