The following table sets forth the calculation of debt-incurring power against the City’s debt limit as of December 31, 2017.
|NYC Debt‐Incurring Power vs. Debt Limit|
|Total City Debt Limit||$98,241,450,409|
|G.O. Bonds Outstanding||$36,443,135,680|
|Less: Excluded Debt||$(47,522,434)|
|Less: Appropriations for Payment of Principal||$(305,426,966)|
|Contracts and Other Liabilities, Net of Prior Financings Thereof||$10,013,812,958|
|Total City Indebtedness||$46,103,999,238|
|TFA Debt Outstanding above $13.5 billion||$20,151,755,000|
Note: Numbers may not add due to rounding.