MDTA Annual Comprehensive Financial Report 2024

DEBT LIMITATIONS For The Fiscal Years Ended June 30 (In Thousands)

2024 $ 4,000,000 2,110,062 $ 1,889,938

2023 $ 3,000,000 2,263,932 $ 736,068

2022 $ 3,000,000 2,101,573 $ 898,427

2021 $ 3,000,000 2,135,975 $ 864,025

2020 $ 2,325,000 1,910,419 $ 414,581

2019 $ 2,325,000 1,536,298 $ 788,702

2018 $ 2,325,000 1,588,642 $ 736,358

2017 $ 2,325,000 2,264,224 $ 60,776

2016 $ 2,325,000 2,299,584 $ 25,416

2015 $ 2,325,000 2,318,289 $ 6,711

Legal Bonded Debt Limit (1) Net Debt - applicable debt outstanding Total Legal Debt Margin

Outstanding Bond Debt as Percentage of Legal Bonded Debt Limit

52.8%

75.5%

70.1%

71.2%

82.2%

66.1%

68.3%

97.4%

98.9%

99.7%

(1) The statutory debt limit was temporarily lowered to $2.325 billion for the fiscal 2015 through 2020 period and reverted to the prior $3.0 billion limit in fiscal 2021. (2) The statutory debt limit was increased in fiscal 2024 to $4.0 billion from $3.0 billion.

DEBT OUTSTANDING AND LEGAL BONDED DEBT LIMIT For the Fiscal Years Ended June 30 (In Thousands)

$4,000,000

$3,500,000

$3,000,000

$2,500,000

$2,000,000

$1,500,000

$1,000,000

$500,000

$0

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

Net Debt - applicable outstanding

Legal bonded Debt Limit

Annual Comprehensive Financial Report For Fiscal Year Ended June 30, 2024 | 103

Made with FlippingBook - PDF hosting