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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