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Table 18.VIII

New York City (NYC)
Debt Repayment Obligations

 
     
  Particulars General Obligation Bonds1 Revenue Bonds and Notes2  
  (in thousands)  
  Fiscal year ending
June 30, 2014:
Principal Interest³ Principal Interest  
  2015
$2,039,161
$1,762,666
$177,900
$643,135
 
  2016
$2,369,115
$1,694,365
$199,420
$635,252
 
  2017
$2,307,431
$1,594,038
$269,285
$625,449
 
  2018
$2,281,870
$1,490,848
$285,495
$612,541
 
  2019
$2,227,731
$1,387,823
$315,435
$598,878
 
  2020-2024
$11,058,453
$5,428,554
$1,619,295
$2,769,559
 
  2025-2029
$9,116,863
$3,101,131
$2,027,201
$2,314,531
 
  2030-2034
$5,806,902
$1,460,843
$2,553,315
$1,770,849
 
  2035-2039
$3,536,332
$399,911
$1,614,270
$1,169,315
 
  2040-2044
$920,728
$42,637
$735,430
$863,074
 
  2045-2049
$4
$16
$3,000,000
$306,250
 
  Thereafter until 2147
$43
$147
-
-
 
  Subtotal
$41,664,633
$18,362,979
$12,797,046
$12,308,833
 
  Less interest component
-
$18,362,979
-
$12,308,833
 
  Total future debt
service requirements
$41,664,633
-
$12,797,046
-
 
     
  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 2% rate on tax-exempt adjustable rate bonds and at 3% 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.