Institutional Federal Compliance Report 2021

232 • STATE OF NEW YORK _____________________________________________________________________________________________

Legal Debt Margin Information LAST TEN FISCAL YEARS (Amounts in millions)

Fiscal Year

2010

2011

2012

2013

2014

Authorized debt limit—General obligation debt: Transportation bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . $ Environmental bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . Housing bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Education bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total General obligation debt . . . . . . . . . . . . . . . Local Government Assistance Corporation . . . . . . . . . . Other lease purchase and contractual financing arrangements . . . . . . . . . . . . . . . . . . . . . . . Total Authorized debt . . . . . . . . . . . . . . . . . . . . . . . . . . . Total debt applicable to limit: (1) General Obligation (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . $ Local Government Assistance Corporation . . . . . . . . . . Other lease purchase and contractual financing arrangements . . . . . . . . . . . . . . . . . . . . . . . Direct debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Legal debt margin . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ Total net debt applicable to the limit as a percentage of debt limit . . . . . . . . . . . . . . . . . . .

10,400 $

10,400 $

10,400 $

10,400 $

10,400 5,650 1,135 —00000

5,650 1,135

5,650 1,135

5,650 1,135

5,650 1,135

—00000

—00000

—00000

—00000

17,185

17,185

17,185

17,185

17,185

4,700

4,700

4,700

4,700

4,700

79,696

82,058

86,364

89,943

95,496

$ 101,581 $ 103,943 $ 108,249 $ 111,828 $ 117,381

3,461 $

3,625 $

3,611 $

3,688 $

3,345 2,592

3,639

3,330

3,119

2,836

45,638 52,738

46,857 53,812

48,286 55,016

47,839 54,363

48,436 54,373 63,008

48,843 $

50,131 $

53,233 $

57,465 $

51.92%

51.77%

50.82%

48.61%

46.32%

Sources: Office of the State Comptroller New York State Division of the Budget, Annual Information Statement Notes:

(1) Amount of debt applicable to limitations is dependent upon authorization language. (2) General obligation debt figures include par value, premiums and discounts. For additional information, refer to the notes to the financial statements and www.budget.ny.gov. Balances have been restated for prior period adjustments, corrections and reclassifications.