The following table sets forth the calculation of debt-incurring power against the City’s debt limit as of March 31, 2018.
|NYC Debt‐Incurring Power vs. Debt Limit|
|Total City Debt Limit||
|General Obligation Bonds Outstanding||$37,407,473,182|
|Less: Excluded Debt||$(47,500,356)|
|Less: Appropriations for Payment of Principal||$(104,201,966)|
|Contracts and Other Liabilities, Net of Prior Financings Thereof||$10,393,991,210|
|Total City Indebtedness||$47,649,762,070|
|Transition Finance Authority Debt Outstanding above $13.5 billion||$20,001,335,000|
Note: Numbers may not add due to rounding.