2024 Annual Comprehensive Report

Table XVI Page 1 of 2

-20 3 Legal Debt Margin Information Fiscal Years Ended June 30, 2015-2024 Debt Limit Total Net Debt Applicable to Limit Legal Debt Margin Legal Debt Margin as a Percentage of Debt Limit

Fiscal Year

2015

2016

2017

2018

$ 2,021,818,460

$ 2,053,642,678

$ 2,086,065,404

$

2,200,500,690 457,378,275

371,141,667

339,424,148

481,893,974

$ 1,650,676,793

$ 1,714,218,530

$ 1,604,171,430

$

1,743,122,415

81.64%

83.47%

76.90%

79.21%

(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.