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Table XV
Page 1 of 2
Legal Debt Margin Information
Fiscal Years Ended June 30, 2007-2016
2007
2008
2009
2010
Debt Limit
1,764,371,029
$
1,807,575,963
$
1,934,786,708
$
1,947,852,097
$
Total Net Debt Applicable to Limit
310,569,931
286,841,815
425,933,103
424,210,158
Legal Debt Margin
1,453,801,098
$
1,520,734,148
$
1,508,853,605
$
1,523,641,939
$
Legal Debt Margin
82.40%
84.13%
77.99%
78.22%
(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. By law,
the general obligation debt subject to the limitation may be offset by amounts set aside for repaying general obligation
bonds.
(b) Reported at par value outstanding, net of related premiums, discounts and adjustments beginning in 2014.
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