2025 Annual Comprehensive Report

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Legal Debt Margin Calculation for Fiscal Year 2025

Assessed Value

$ 39,985,094,199

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

3,198,807,536 (a)

43,490,000 311,165,000 243,040,934

General Obligation Bonds Other Long Term Debt

Less: Amount Set Aside For Repayment

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

(46,703,794) 550,992,140 2,647,815,396

Legal Debt Margin

$

2020

2021

2022

2023

2024

2025

$ 2,327,609,002

$ 2,375,418,241

$ 2,380,066,778

$ 3,083,936,162

$

3,129,394,919 444,526,486

$ 3,198,807,536

411,158,443

390,970,239

379,226,311

492,339,297

550,992,140

$ 2,647,815,396

$ 1,916,450,559

$ 1,984,448,002

$ 2,000,840,467

$ 2,591,596,865

$

2,684,868,433

82.34%

83.54%

84.07%

84.04%

85.80%

82.78%

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