Q&A
Inquiry about city's debt limit and TFA increase
7:58:51
·
70 sec
Council Member Brannan asks about the city's estimated debt limit for GEO and TFA debt combined in FY25, following the TFA increase. Director Jiha provides figures on the debt limit and outstanding debt.
- The estimated combined debt limit for GEO and TFA debt in FY25 is about $138 billion
- The city has outstanding debt of about $109 billion counting towards that limit
- The net available debt capacity is approximately $28 billion
Justin Brannan
7:58:51
I think that's everything.
7:58:52
Right?
7:58:58
Oh, let me okay.
7:58:59
Let me just ask you about the, the, the TFA, the debt limit.
7:59:04
So, with the additional TFA increase, what is the city's estimated debt limit for, GEO and TFA debt combined in f y 25?
Jacques Jiha
7:59:15
It's, about, $138,000,000,000 I believe.
7:59:19
Yes.
7:59:21
That's the, you know, and but we also have obligations for about 109.
7:59:26
So the net is about $28,000,000,000
Justin Brannan
7:59:31
And how much outstanding debt does the city have counting towards that debt limit?
Jacques Jiha
7:59:34
It's about 109.
7:59:35
Say it?
7:59:36
109.
7:59:37
About 109.
Justin Brannan
7:59:37
Okay.
7:59:37
Sorry.
7:59:38
I didn't hear you.
7:59:45
Okay.
7:59:46
I think we are good.
7:59:47
We'll obviously have a bunch of follow-up that we'll
Jacques Jiha
7:59:49
see along.
7:59:50
Yes.
7:59:51
And, I'm more than happy.
7:59:52
I look
Justin Brannan
7:59:52
forward to, landing a good budget.
7:59:54
Yes.
7:59:56
Thank you.
7:59:56
Okay.
7:59:56
With that, our f y 25 executive hearings, have concluded.
8:00:01
Thank you.
