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Table 8.VIII

New York City's Debt Repayment Obligations

(In $ thousands)

  
  Particulars 2012  
  General Obligation Bonds1 Revenue Bonds and Notes2  
  Principal Interest³ Principal Interest  
  2013 2,671,616 2,744,237 16,270 440,516  
  2014 2,992,840 2,640,622 110,565 436,768  
  2015 3,249,471 2,506,346 115,925 432,506  
  2016 3,304,560 2,369,662 121,830 427,790  
  2017 3,301,636 2,231,403 134,115 422,517  
  2018-2022 16,494,012 9,093,019 761,125 2,015,637  
  2023-2027 14,847,654 5,772,001 957,385 1,811,708  
  2028-2032 10,688,502 3,056,942 1,224,145 1,523,758  
  2033-2037 6,761,767 1,200,639 1,570,535 1,160,394  
  2038-2042 2,605,018 261,087 571,200 815,353  
  2043-2047 5 16 3,000,000 612,500  
  2048-2052 2 15
-
-
  
  Thereafter until 2147 41 138
-
-
  
  Less interest component
-
 31,876,127
-
 10,099,447  
  Total future debt service requirements 66,917,124
-
 8,583,095
-
  
     
  Particulars 2011  
  General Obligation Bonds1 Revenue Bonds and Notes2  
  Principal Interest³ Principal Interest  
  2012 2,606,990 2,762,588 77,940 351,458  
  2013 3,012,386 2,683,741 16,270 350,902  
  2014 3,022,955 2,561,401 97,395 349,965  
  2015 3,168,376 2,431,493 102,355 346,153  
  2016 3,187,415 2,294,815 107,755 341,919  
  2017-2021 15,793,558 9,425,544 639,565 1,630,792  
  2022-2026 14,755,278 6,148,474 799,260 1,465,141  
  2027-2031 10,491,588 3,233,412 1,022,735 1,217,286  
  2032-2036 6,231,112 1,317,827 1,316,955 915,578  
  2037-2041 1,803,008 293,618 830,805 577,481  
  2042-2056 559,028 28,666 2,000,000 585,000  
  2047-2051 4 15
-
-
  
  Thereafter until 2147 41 141
-
-
  
  Less interest component
-
 33,181,465
-
 8,131,675  
  Total future debt service requirements 64,631,739
-
 7,011,035
-
  
     
  Particulars 2010  
  General Obligation Bonds1 Revenue Bonds and Notes2  
  Principal Interest³ Principal Interest  
  Fiscal year ending
June 30:		          
  2011 2,189,276 2,591,486 71,530 314,084  
  2012 2,784,375 2,568,468 77,940 311,717  
  2013 2,906,606 2,492,159 82,240 308,773  
  2014 2,938,180 2,370,180 86,735 305,537  
  2015 3,028,446 1,940,999 91,555 301,891  
  2016-2020 15,415,682 9,172,622 530,660 1,441,415  
  2021-2025 14,097,413 5,839,832 664,700 1,299,457  
  2026-2030 10,516,188 2,908,086 843,320 1,111,282  
  2031-2035 5,601,822 1,135,493 1,073,930 872,152  
  2036-2040 1,497,073 309,481 848,280 584,231  
  2041-2050 559,028 57,316
-
 487,500  
  2046-2049 4 15 2,000,000 195,000  
  Thereafter until 2147 42 144
-
-
  
  Less interest component
-
 31,386,281
-
 7,533,039  
  Total future debt service requirements 61,264,135
-

6,370,890
-
  
     
  Particulars 2009  
  General Obligation Bonds1 Revenue Bonds and Notes2  
  Principal Interest³ Principal Interest  
  Fiscal year
ending
June 30:
 
  2010
1,829,240
2,424,857
69,494
296,897
  
  2011
2,540,646
2,341,881
71,530
311,226
  
  2012
2,737,535
2,290,550
77,940
308,627
  
  2013
2,779,586
2,211,567
82,240
305,684
  
  2014
2,775,975
2,090,409
86,735
302,447
  
  2015-2019
14,228,658
8,505,200
501,410
1,449,916
  
  2020-2024
13,587,513
5,256,118
625,560
1,317,602
  
  2025-2029
10,183,598
2,417,363
795,020
1,141,573
  
  2030-2034
4,687,088
756,168
1,010,350
916,736
  
  2035-2039
673,963
173,807
1,066,295
635,001
  
  2040-2044
559,028
85,967
-
487,500
  
  2045-2049
3
16
2,000,000
292,500
  
  Thereafter until 2147
42
147
-
-
  
  Less interest component
-
28,554,050
-
7,765,709
  
  Total future debt service requirements
56,582,875
0
6,386,574
7,765,709
  
             
 

Notes:

1 General obligation bonds are government debt issued to raise money to finance public improvements. It is a municipal bond backed by the credit and "taxing power" of the issuing jurisdiction, rather than the revenue from a given project. No assets are used as collateral.
2 Revenue bonds are government debt used to fund projects that will eventually generate revenue directly. These revenues are used to pay off the bonds.
³ Includes interest for general obligation bonds estimated at 4% rate on tax-exempt adjustable rate bonds and at 6% rate on taxable adjustable rate bonds which are the rates at the end of the fiscal year.

  
 

Source: 
Comprehensive Annual Financial Reports of the Comptroller
  

 

This online resource has data that are subject to update and revision.
Copyright © The Weissman Center for International Business
Baruch College/CUNY 2012
Photos: Copyright Jeff Greenberg/NYC & Company, Inc.