Statement of Debt Affordability pursuant to Chapter 16 of the Laws of 1997 of the State of New York. This dataset is updated annually. Numerical data is shown in $ in Millions or in Persons and identified in the column labeled Units.
City GovernmentMayor's Office of of Management and Budget (OMB)
Dataset bd8j-m46a
14 fields
Pub Dt: 20250501 • Schld No: A • Schld Nm: Debt Incurring Power
Pub Dt
20250501
Schld No
A
Schld Nm
Debt Incurring Power
Sctn No
NA
Sctn Nm
NA
Ln No
7
Ln Dscrp
TFA Debt Outstanding above $21.5 billion
Fisc Yr
2026
Fisc Yr 1
32320
Fisc Yr 2
37117
Fisc Yr 3
42092
Fisc Yr 4
47128
Num Unt
$ in millions
Ftnts
Reflects the impact of the New York State fiscal year 2025 Enacted Budget which increased the total amount of TFA Future Tax Secured debt authorized to be outstanding and not subject to the City’s debt limit to $21.5 billion, beginning July 1, 2024, and to $27.5 billion beginning on July 1, 2025.
20250501
Pub Dt: 20250501 • Schld No: A • Schld Nm: Debt Incurring Power
Pub Dt
20250501
Schld No
A
Schld Nm
Debt Incurring Power
Sctn No
NA
Sctn Nm
NA
Ln No
8
Ln Dscrp
Combined Debt-Incurring Power of NYC and TFA
Fisc Yr
2026
Fisc Yr 1
24544
Fisc Yr 2
18343
Fisc Yr 3
11206
Fisc Yr 4
6907
Num Unt
$ in millions
20250501
Pub Dt: 20250501 • Schld No: B • Schld Nm: Sources of Funds
Pub Dt
20250501
Schld No
B
Schld Nm
Sources of Funds
Sctn No
NA
Sctn Nm
NA
Ln No
1
Ln Dscrp
City General Obligation Bonds
Fisc Yr
2026
Fisc Yr 1
7200
Fisc Yr 2
7000
Fisc Yr 3
7316
Fisc Yr 4
7500
Num Unt
$ in millions
20250501
Pub Dt: 20250501 • Schld No: B • Schld Nm: Sources of Funds
Pub Dt
20250501
Schld No
B
Schld Nm
Sources of Funds
Sctn No
NA
Sctn Nm
NA
Ln No
2
Ln Dscrp
TFA Future Tax Secured Bonds
Fisc Yr
2026
Fisc Yr 1
6000
Fisc Yr 2
7000
Fisc Yr 3
7316
Fisc Yr 4
7500
Num Unt
$ in millions
20250501
Pub Dt: 20250501 • Schld No: B • Schld Nm: Sources of Funds
Pub Dt
20250501
Schld No
B
Schld Nm
Sources of Funds
Sctn No
NA
Sctn Nm
NA
Ln No
4
Ln Dscrp
Water Authority Bonds
Fisc Yr
2026
Fisc Yr 1
2000
Fisc Yr 2
2577
Fisc Yr 3
2692
Fisc Yr 4
2967
Num Unt
$ in millions
20250501
Pub Dt: 20250501 • Schld No: B • Schld Nm: Sources of Funds
Pub Dt
20250501
Schld No
B
Schld Nm
Sources of Funds
Sctn No
NA
Sctn Nm
NA
Ln No
5
Ln Dscrp
Total
Fisc Yr
2026
Fisc Yr 1
15200
Fisc Yr 2
16577
Fisc Yr 3
17324
Fisc Yr 4
17967
Num Unt
$ in millions
20250501
Pub Dt: 20250501 • Schld No: C • Schld Nm: Debt Outstanding & Debt Service Ratios
Pub Dt
20250501
Schld No
C
Schld Nm
Debt Outstanding & Debt Service Ratios
Sctn No
I
Sctn Nm
Debt Service of NYC GO, Conduit Debt & TFA
Ln No
1
Ln Dscrp
[l.1] NYC General Obligation Debt Service
Fisc Yr
2026
Fisc Yr 1
4640
Fisc Yr 2
4945
Fisc Yr 3
5424
Fisc Yr 4
5865
Num Unt
$ in millions
Ftnts
Does not reflect prepayments.
20250501
Pub Dt: 20250501 • Schld No: C • Schld Nm: Debt Outstanding & Debt Service Ratios
Pub Dt
20250501
Schld No
C
Schld Nm
Debt Outstanding & Debt Service Ratios
Sctn No
I
Sctn Nm
Debt Service of NYC GO, Conduit Debt & TFA
Ln No
2
Ln Dscrp
[l.2] Conduit Debt Debt Service
Fisc Yr
2026
Fisc Yr 1
111
Fisc Yr 2
108
Fisc Yr 3
103
Fisc Yr 4
112
Num Unt
$ in millions
20250501
Pub Dt: 20250501 • Schld No: C • Schld Nm: Debt Outstanding & Debt Service Ratios
Pub Dt
20250501
Schld No
C
Schld Nm
Debt Outstanding & Debt Service Ratios
Sctn No
I
Sctn Nm
Debt Service of NYC GO, Conduit Debt & TFA
Ln No
3
Ln Dscrp
[l.3] Transitional Finance Authority Debt Service
Fisc Yr
2026
Fisc Yr 1
3990
Fisc Yr 2
4530
Fisc Yr 3
5016
Fisc Yr 4
5442
Num Unt
$ in millions
Ftnts
Does not reflect prepayments.
20250501
Pub Dt: 20250501 • Schld No: C • Schld Nm: Debt Outstanding & Debt Service Ratios
Pub Dt
20250501
Schld No
C
Schld Nm
Debt Outstanding & Debt Service Ratios
Sctn No
I
Sctn Nm
Debt Service of NYC GO, Conduit Debt & TFA
Ln No
4
Ln Dscrp
[l.4] Total Debt Service (NYC GO, Conduit Debt & TFA)= [l.1] + [l.2] + [l.3]
Fisc Yr
2026
Fisc Yr 1
8741
Fisc Yr 2
9583
Fisc Yr 3
10543
Fisc Yr 4
11419
Num Unt
$ in millions
20250501
Pub Dt: 20250501 • Schld No: C • Schld Nm: Debt Outstanding & Debt Service Ratios
Pub Dt
20250501
Schld No
C
Schld Nm
Debt Outstanding & Debt Service Ratios
Sctn No
II
Sctn Nm
Debt Outstanding: NYC GO, Conduit Debt & TFA as of 6/30
Ln No
1
Ln Dscrp
[l.5] NYC General Obligation Debt Outstanding
Fisc Yr
2026
Fisc Yr 1
51515
Fisc Yr 2
56192
Fisc Yr 3
61014
Fisc Yr 4
65894
Num Unt
$ in millions
20250501
Pub Dt: 20250501 • Schld No: C • Schld Nm: Debt Outstanding & Debt Service Ratios
Pub Dt
20250501
Schld No
C
Schld Nm
Debt Outstanding & Debt Service Ratios
Sctn No
II
Sctn Nm
Debt Outstanding: NYC GO, Conduit Debt & TFA as of 6/30
Ln No
2
Ln Dscrp
[l.6] Conduit Debt Debt Outstanding
Fisc Yr
2026
Fisc Yr 1
725
Fisc Yr 2
655
Fisc Yr 3
586
Fisc Yr 4
511
Num Unt
$ in millions
20250501
Pub Dt: 20250501 • Schld No: C • Schld Nm: Debt Outstanding & Debt Service Ratios
Pub Dt
20250501
Schld No
C
Schld Nm
Debt Outstanding & Debt Service Ratios
Sctn No
II
Sctn Nm
Debt Outstanding: NYC GO, Conduit Debt & TFA as of 6/30
Pub Dt: 20250501 • Schld No: C • Schld Nm: Debt Outstanding & Debt Service Ratios
Pub Dt
20250501
Schld No
C
Schld Nm
Debt Outstanding & Debt Service Ratios
Sctn No
NA
Sctn Nm
NA
Ln No
1
Ln Dscrp
a. Total Revenue
Fisc Yr
2026
Fisc Yr 1
115065
Fisc Yr 2
116586
Fisc Yr 3
119470
Fisc Yr 4
122539
Num Unt
$ in millions
Ftnts
Includes amounts required to support TFA Debt Service.
20250501
Pub Dt: 20250501 • Schld No: C • Schld Nm: Debt Outstanding & Debt Service Ratios
Pub Dt
20250501
Schld No
C
Schld Nm
Debt Outstanding & Debt Service Ratios
Sctn No
NA
Sctn Nm
NA
Ln No
2
Ln Dscrp
b. Total Taxes
Fisc Yr
2026
Fisc Yr 1
81014
Fisc Yr 2
82890
Fisc Yr 3
85541
Fisc Yr 4
88362
Num Unt
$ in millions
Ftnts
Includes amounts required to support TFA Debt Service.
20250501
Pub Dt: 20250501 • Schld No: C • Schld Nm: Debt Outstanding & Debt Service Ratios
Pub Dt
20250501
Schld No
C
Schld Nm
Debt Outstanding & Debt Service Ratios
Sctn No
NA
Sctn Nm
NA
Ln No
3
Ln Dscrp
c. PIT Required to Support TFA DS
Fisc Yr
2026
Fisc Yr 1
1646
Fisc Yr 2
4530
Fisc Yr 3
5016
Fisc Yr 4
5442
Num Unt
$ in millions
Ftnts
Reflects prepayment in FY 2025 for FY 2026 TFA Debt Service.
20250501
Pub Dt: 20250501 • Schld No: C • Schld Nm: Debt Outstanding & Debt Service Ratios
Pub Dt
20250501
Schld No
C
Schld Nm
Debt Outstanding & Debt Service Ratios
Sctn No
NA
Sctn Nm
NA
Ln No
4
Ln Dscrp
d. Total NYC Personal Income
Fisc Yr
2026
Fisc Yr 1
835270
Fisc Yr 2
874800
Fisc Yr 3
916360
Fisc Yr 4
957750
Num Unt
$ in millions
20250501
Pub Dt: 20250501 • Schld No: C • Schld Nm: Debt Outstanding & Debt Service Ratios
Pub Dt
20250501
Schld No
C
Schld Nm
Debt Outstanding & Debt Service Ratios
Sctn No
NA
Sctn Nm
NA
Ln No
5
Ln Dscrp
e. Real Property Tax Revenue
Fisc Yr
2026
Fisc Yr 1
35360
Fisc Yr 2
36585
Fisc Yr 3
37664
Fisc Yr 4
38778
Num Unt
$ in millions
20250501
Pub Dt: 20250501 • Schld No: C • Schld Nm: Debt Outstanding & Debt Service Ratios
Pub Dt
20250501
Schld No
C
Schld Nm
Debt Outstanding & Debt Service Ratios
Sctn No
NA
Sctn Nm
NA
Ln No
6
Ln Dscrp
f. Full Value of Taxable Real Estate
Fisc Yr
2026
Fisc Yr 1
1407247
Fisc Yr 2
1463982
Fisc Yr 3
1518346
Fisc Yr 4
1584792
Num Unt
$ in millions
20250501
Pub Dt: 20250501 • Schld No: C • Schld Nm: Debt Outstanding & Debt Service Ratios
Pub Dt
20250501
Schld No
C
Schld Nm
Debt Outstanding & Debt Service Ratios
Sctn No
NA
Sctn Nm
NA
Ln No
7
Ln Dscrp
g. Population
Fisc Yr
2026
Fisc Yr 1
8478072
Fisc Yr 2
8478072
Fisc Yr 3
8478072
Fisc Yr 4
8478072
Num Unt
in persons
20260512
Pub Dt: 20260512 • Schld No: A • Schld Nm: Debt Incurring Power
Pub Dt
20260512
Schld No
A
Schld Nm
Debt Incurring Power
Sctn No
NA
Sctn Nm
NA
Ln No
1
Ln Dscrp
Total City Debt- Incurring Power under General Debt Limit
Fisc Yr
2027
Fisc Yr 1
153872
Fisc Yr 2
160272
Fisc Yr 3
167721
Fisc Yr 4
174788
Num Unt
$ in millions
20260512
Pub Dt: 20260512 • Schld No: A • Schld Nm: Debt Incurring Power
Pub Dt
20260512
Schld No
A
Schld Nm
Debt Incurring Power
Sctn No
NA
Sctn Nm
NA
Ln No
2
Ln Dscrp
Gross Debt-Funded
Fisc Yr
2027
Fisc Yr 1
59218
Fisc Yr 2
65574
Fisc Yr 3
71228
Fisc Yr 4
76756
Num Unt
$ in millions
20260512
Pub Dt: 20260512 • Schld No: A • Schld Nm: Debt Incurring Power
Pub Dt
20260512
Schld No
A
Schld Nm
Debt Incurring Power
Sctn No
NA
Sctn Nm
NA
Ln No
3
Ln Dscrp
Less: Excluded Debt
Fisc Yr
2027
Fisc Yr 1
-73
Fisc Yr 2
-72
Fisc Yr 3
-69
Fisc Yr 4
-68
Num Unt
$ in millions
20260512
Pub Dt: 20260512 • Schld No: A • Schld Nm: Debt Incurring Power
Pub Dt
20260512
Schld No
A
Schld Nm
Debt Incurring Power
Sctn No
NA
Sctn Nm
NA
Ln No
4
Fisc Yr
2027
Fisc Yr 1
59145
Fisc Yr 2
65502
Fisc Yr 3
71159
Fisc Yr 4
76688
Num Unt
$ in millions
20260512
Pub Dt: 20260512 • Schld No: A • Schld Nm: Debt Incurring Power
Pub Dt
20260512
Schld No
A
Schld Nm
Debt Incurring Power
Sctn No
NA
Sctn Nm
NA
Ln No
5
Ln Dscrp
Contracts and Other Liabilities, Net of Prior Financings Thereof
Fisc Yr
2027
Fisc Yr 1
31180
Fisc Yr 2
33859
Fisc Yr 3
34939
Fisc Yr 4
34675
Num Unt
$ in millions
20260512
Pub Dt: 20260512 • Schld No: A • Schld Nm: Debt Incurring Power
Pub Dt
20260512
Schld No
A
Schld Nm
Debt Incurring Power
Sctn No
NA
Sctn Nm
NA
Ln No
6
Ln Dscrp
Total City Indebtedness
Fisc Yr
2027
Fisc Yr 1
90325
Fisc Yr 2
99362
Fisc Yr 3
106098
Fisc Yr 4
111363
Num Unt
$ in millions
20260512
Pub Dt: 20260512 • Schld No: A • Schld Nm: Debt Incurring Power
Pub Dt
20260512
Schld No
A
Schld Nm
Debt Incurring Power
Sctn No
NA
Sctn Nm
NA
Ln No
7
Ln Dscrp
TFA Debt Outstanding subject to City's Debt Limit
Fisc Yr
2027
Fisc Yr 1
35352
Fisc Yr 2
41605
Fisc Yr 3
47267
Fisc Yr 4
52554
Num Unt
$ in millions
Ftnts
Reflects the impact of the New York State fiscal year 2025 Enacted Budget which increased the total amount of TFA Future Tax Secured debt authorized to be outstanding and not subject to the City’s debt limit to $21.5 billion, beginning July 1, 2024, and to $30.5 billion beginning on July 1, 2025.
20260512
Pub Dt: 20260512 • Schld No: A • Schld Nm: Debt Incurring Power
Pub Dt
20260512
Schld No
A
Schld Nm
Debt Incurring Power
Sctn No
NA
Sctn Nm
NA
Ln No
8
Ln Dscrp
Combined Debt-Incurring Power of NYC and TFA
Fisc Yr
2027
Fisc Yr 1
28195
Fisc Yr 2
19306
Fisc Yr 3
14356
Fisc Yr 4
10871
Num Unt
$ in millions
20260512
Pub Dt: 20260512 • Schld No: B • Schld Nm: Sources of Funds
Pub Dt
20260512
Schld No
B
Schld Nm
Sources of Funds
Sctn No
NA
Sctn Nm
NA
Ln No
1
Ln Dscrp
City General Obligation Bonds
Fisc Yr
2027
Fisc Yr 1
8750
Fisc Yr 2
8560
Fisc Yr 3
8030
Fisc Yr 4
7770
Num Unt
$ in millions
20260512
Pub Dt: 20260512 • Schld No: B • Schld Nm: Sources of Funds
Pub Dt
20260512
Schld No
B
Schld Nm
Sources of Funds
Sctn No
NA
Sctn Nm
NA
Ln No
2
Ln Dscrp
TFA Future Tax Secured Bonds
Fisc Yr
2027
Fisc Yr 1
7600
Fisc Yr 2
8560
Fisc Yr 3
8030
Fisc Yr 4
7770
Num Unt
$ in millions
20260512
Pub Dt: 20260512 • Schld No: B • Schld Nm: Sources of Funds
Pub Dt
20260512
Schld No
B
Schld Nm
Sources of Funds
Sctn No
NA
Sctn Nm
NA
Ln No
4
Ln Dscrp
Water Authority Bonds
Fisc Yr
2027
Fisc Yr 1
3025
Fisc Yr 2
3175
Fisc Yr 3
3129
Fisc Yr 4
3066
Num Unt
$ in millions
20260512
Pub Dt: 20260512 • Schld No: B • Schld Nm: Sources of Funds
Pub Dt
20260512
Schld No
B
Schld Nm
Sources of Funds
Sctn No
NA
Sctn Nm
NA
Ln No
5
Ln Dscrp
Total
Fisc Yr
2027
Fisc Yr 1
19375
Fisc Yr 2
20295
Fisc Yr 3
19189
Fisc Yr 4
18606
Num Unt
$ in millions
20260512
Pub Dt: 20260512 • Schld No: C • Schld Nm: Debt Outstanding & Debt Service Ratios
Pub Dt
20260512
Schld No
C
Schld Nm
Debt Outstanding & Debt Service Ratios
Sctn No
I
Sctn Nm
Debt Service of NYC GO, Conduit Debt & TFA
Ln No
1
Ln Dscrp
[l.1] NYC General Obligation Debt Service
Fisc Yr
2027
Fisc Yr 1
4946
Fisc Yr 2
5492
Fisc Yr 3
6068
Fisc Yr 4
6342
Num Unt
$ in millions
Ftnts
Does not reflect prepayments.
20260512
Pub Dt: 20260512 • Schld No: C • Schld Nm: Debt Outstanding & Debt Service Ratios
Pub Dt
20260512
Schld No
C
Schld Nm
Debt Outstanding & Debt Service Ratios
Sctn No
I
Sctn Nm
Debt Service of NYC GO, Conduit Debt & TFA
Ln No
2
Ln Dscrp
[l.2] Conduit Debt Debt Service
Fisc Yr
2027
Fisc Yr 1
108
Fisc Yr 2
103
Fisc Yr 3
112
Fisc Yr 4
95
Num Unt
$ in millions
20260512
Pub Dt: 20260512 • Schld No: C • Schld Nm: Debt Outstanding & Debt Service Ratios
Pub Dt
20260512
Schld No
C
Schld Nm
Debt Outstanding & Debt Service Ratios
Sctn No
I
Sctn Nm
Debt Service of NYC GO, Conduit Debt & TFA
Ln No
3
Ln Dscrp
[l.3] Transitional Finance Authority Debt Service
Fisc Yr
2027
Fisc Yr 1
4481
Fisc Yr 2
5037
Fisc Yr 3
5540
Fisc Yr 4
6105
Num Unt
$ in millions
Ftnts
Does not reflect prepayments.
20260512
Pub Dt: 20260512 • Schld No: C • Schld Nm: Debt Outstanding & Debt Service Ratios
Pub Dt
20260512
Schld No
C
Schld Nm
Debt Outstanding & Debt Service Ratios
Sctn No
I
Sctn Nm
Debt Service of NYC GO, Conduit Debt & TFA
Ln No
4
Ln Dscrp
[l.4] Total Debt Service (NYC GO, Conduit Debt & TFA)= [l.1] + [l.2] + [l.3]
Fisc Yr
2027
Fisc Yr 1
9535
Fisc Yr 2
10632
Fisc Yr 3
11720
Fisc Yr 4
12542
Num Unt
$ in millions
20260512
Pub Dt: 20260512 • Schld No: C • Schld Nm: Debt Outstanding & Debt Service Ratios
Pub Dt
20260512
Schld No
C
Schld Nm
Debt Outstanding & Debt Service Ratios
Sctn No
II
Sctn Nm
Debt Outstanding: NYC GO, Conduit Debt & TFA as of 6/30
Ln No
1
Ln Dscrp
[l.5] NYC General Obligation Debt Outstanding
Fisc Yr
2027
Fisc Yr 1
59272
Fisc Yr 2
65392
Fisc Yr 3
70800
Fisc Yr 4
76043
Num Unt
$ in millions
20260512
Pub Dt: 20260512 • Schld No: C • Schld Nm: Debt Outstanding & Debt Service Ratios
Pub Dt
20260512
Schld No
C
Schld Nm
Debt Outstanding & Debt Service Ratios
Sctn No
II
Sctn Nm
Debt Outstanding: NYC GO, Conduit Debt & TFA as of 6/30
Ln No
2
Ln Dscrp
[l.6] Conduit Debt Debt Outstanding
Fisc Yr
2027
Fisc Yr 1
655
Fisc Yr 2
586
Fisc Yr 3
511
Fisc Yr 4
449
Num Unt
$ in millions
20260512
Pub Dt: 20260512 • Schld No: C • Schld Nm: Debt Outstanding & Debt Service Ratios
Pub Dt
20260512
Schld No
C
Schld Nm
Debt Outstanding & Debt Service Ratios
Sctn No
II
Sctn Nm
Debt Outstanding: NYC GO, Conduit Debt & TFA as of 6/30
