2024 Annual Comprehensive Report

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Legal Debt Margin Calculation for Fiscal Year 2024

Assessed Value

$ 39,117,436,490

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

3,129,394,919 (a)

98,880,000 286,595,000 92,732,823

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

(33,681,337) 444,526,486 2,684,868,433

Legal Debt Margin

$

2019

2020

2021

2022

2023

2024

$ 2,235,427,170

$ 2,327,609,002

$ 2,375,418,241

$ 2,380,066,778

$

3,083,936,162 492,339,297

$ 3,129,394,919

412,446,683

411,158,443

390,970,239

379,226,311

444,526,486

$ 2,684,868,433

$ 1,822,980,487

$ 1,916,450,559

$ 1,984,448,002

$ 2,000,840,467

$

2,591,596,865

81.55%

82.34%

83.54%

84.07%

84.04%

85.80%

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