2025 Annual Comprehensive Report

Table XVI Page 1 of 2

-20 5 Legal Debt Margin Information Fiscal Years Ended June 30, 2016-2025 Debt Limit Total Net Debt Applicable to Limit Legal Debt Margin Legal Debt Margin as a Percentage of Debt Limit

Fiscal Year

2016

2017

2018

2019

$ 2,053,642,678

$ 2,086,065,404

$ 2,200,500,690

$

2,235,427,170 412,446,683

339,424,148

481,893,974

457,378,275

$ 1,714,218,530

$ 1,604,171,430

$ 1,743,122,415

$

1,822,980,487

83.47%

76.90%

79.21%

81.55%

(a) Under state finance law, the City's outstanding general obligation debt may not exceed 8 percent of total assessed property value. However, the City has established a more conservative internal limit of no more than 2 percent outstanding. By law,the general obligation debt subject to the limitation may be offset by amounts set aside for repaying general obligation bonds.