The following table sets forth the calculation of debt-incurring power against the City’s debt limit as of September 30, 2016.
|NYC Debt‐Incurring Power vs. Debt Limit|
|Total City Debt Limit||$90,236,149,070|
|G.O. Bonds Outstanding||$37,491,298,224|
|Less: Excluded Debt||($43,217,637)|
|Less: Appropriations for Payment of Principal||($593,386,316)|
|Contracts and Other Liabilities, Net of Prior Financings Thereof||$7,796,623,932|
|Total City Indebtedness||$44,651,318,203|
|TFA Debt Outstanding above $13.5 billion||$16,975,640,000|
Note: Numbers may not add due to rounding.