The following table sets forth the calculation of debt-incurring power against the City’s debt limit as of June 30, 2018.
|NYC Debt‐Incurring Power vs. Debt Limit|
|Total City Debt Limit||$98,241,450,409|
|General Obligation Bonds Outstanding||$38,409,239,858|
|Less: Excluded Debt||$ (47,501,208)|
|Less: Appropriations for Payment of Principal||–|
|Contracts and Other Liabilities, Net of Prior Financings Thereof||$11,530,165,028|
|Total City Indebtedness||$49,891,903,678|
|Transition Finance Authority Debt Outstanding above $13.5 billion||$21,175,160,000|
Note: Numbers may not add due to rounding.