Page 37 - FY 2021-22 Supporting Information
P. 37

2021-22 PROPOSED BUDGET
                                             VOTER-APPROVED AND NON VOTER-APPROVED DEBT
                                                                        April 2021
                                                              Debt Service to General Revenues*

          DEBT MANAGEMENT POLICY
          Pursuant to the Debt Management Policy, the Debt Affordability Ceiling for debt service on voter-approved and non voter-approved debt combined shall
          be no more than 15 percent of General Revenues.
             $1,400,000




             $1,200,000                                                                                             15% General Revenues



           Debt Service Amount (000's)   $800,000
             $1,000,000










               $600,000




               $400,000                   5.04%        4.72%
                             4.51%                                  4.26%        4.04%        3.87%        3.90%         3.63%        3.56%



               $200,000




                    $-
                             2021         2022         2023         2024          2025         2026         2027         2028         2029
                                                                               Fiscal Year
                                        Non-Voter Approved Debt**  General Obligation Bonds***  Remaining General Obligation Authorization***
          *Projected revenue growth from 2020-21 to 2025-26 is 4.5%, (2.6%), 4.6%, 3.6%, and 3.4%, respectively. Projected revenue growth from 2025-26 through 2028-29 is 2.9%.
          **Includes Judgment Obligation Bonds, Convention Center, MICLA bond issuances, and MICLA Commercial Paper and Refundings.
          ***Voter-Approved Debt
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