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Table 17.VIII

New York City (NYC)
Debt Repayment Obligations

 
     
  Particulars General Obligation Bonds1 Revenue Bonds and Notes2  
  (in thousands)  
  Fiscal year ending
June 30, 2013:
Principal Interest³ Principal Interest  
  2014
$2,623,120
$2,843,447
$110,565
$476,094
 
  2015
$3,159,501
$2,762,222
$133,605
$471,567
 
  2016
$3,357,140
$2,629,529
$140,040
$466,239
 
  2017
$3,395,796
$2,486,051
$153,025
$460,242
 
  2018
$3,402,410
$2,339,533
$162,780
$453,261
 
  2019-2023
$17,024,118
$9,523,023
$923,330
$2,148,184
 
  2024-2028
$14,987,324
$6,060,171
$1,172,615
$1,892,088
 
  2029-2033
$10,611,497
$3,264,058
$1,489,515
$1,849,552
 
  2034-2038
$7,058,812
$1,276,326
$1,745,050
$1,115,559
 
  2039-2043
$2,603,803
$240,668
$391,635
$795,099
 
  2044-2048
$3
$16
$3,000,000
$459,375
 
  Thereafter until 2147
$44
$150
-
-
 
  Subtotal
$68,223,568
$33,425,194
$9,422,160
$10,287,260
 
  Less interest component
-
$33,425,194
-
$10,287,260
 
  Total future debt
service requirements
$68,223,568
-
$9,422,160
-
 
     
  Particulars General Obligation Bonds1 Revenue Bonds and Notes2  
  (in thousands)  
  Fiscal year ending
June 30, 2012:
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
-
-
 
  Subtotal
$66,917,124
$31,876,127
$8,583,095
$10,099,447
 
  Less interest component
-
$31,876,127
-
$10,099,447
 
  Total future debt
service requirements
$66,917,124
-
$8,583,095
-
 
     
     
  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.
 
     
     
 

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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 2014
Photos: Copyright Jeff Greenberg/NYC & Company, Inc.