Page 38 - FY 2022-23 Supporting Information
P. 38

2022-23 PROPOSED BUDGET
                                             VOTER-APPROVED AND NON VOTER-APPROVED DEBT
                                                                        April 2022
                                                              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)   $1,000,000







               $800,000
  24

               $600,000




               $400,000      4.80%        4.74%        4.57%        4.37%       3.99%         4.03%        3.63%        3.49%        3.29%



               $200,000




                    $-
                             2022         2023         2024         2025         2026          2027         2028         2029         2030
                                                                               Fiscal Year
                                              Non-Voter Approved Debt**         Bonds***           Remaining G.O. Authorization***
          *Projected revenue growth in 2022-23 to 2026-27 is (2.2%), 1.9%, 3.4%, 2.4%, and 3.3%, respectively. Projected revenue growth in 2027-28 through 2029-30 is 2.9%.
          **Includes Convention Center, MICLA bond issuances, and MICLA Commercial Paper and Refundings.
          ***Voter-Approved Debt
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