Institutional Federal Compliance Report 2021

234 • STATE OF NEW YORK _____________________________________________________________________________________________

Ratios of General Obligation Debt Outstanding and Legal Debt Margin

LAST TEN FISCAL YEARS (Amounts in millions except per capita)

Fiscal Year

2010

2011

2012

2013

2014

General obligation debt outstanding: General obligation bonds (1) . . . . . . . . . . . . . . . . . . . . $ Per capita . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ Legal debt limit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ Total net debt applicable to debt limit . . . . . . . . . . . . . . . . . Legal debt margin . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ Legal debt margin as a percentage of the debt limit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3,461 $

3,625 $

3,611 $

3,688 $

3,345

177 $

187 $

186 $

188 $

170

17,185 $

17,185 $

17,185 $

17,185 $

17,185 3,345 13,840

3,461

3,625

3,611

3,688

13,724 $

13,560 $

13,574 $

13,497 $

79.86%

78.91%

78.99%

78.54%

80.54%

Sources: Office of the State Comptroller New York State Division of the Budget, Annual Information Statement Notes: (1) General obligation debt figures include par value, premiums and discounts. (2) The increase in the legal debt limit in 2015 is related to the authorization of Education bonds under the Smart Schools Bond Act (2014).