TITLE

N.Y.C. Comptroller: Next 3 Years Will Bring Debt Ceiling Closer

AUTHOR(S)
McDonald, Michael
PUB. DATE
January 2005
SOURCE
Bond Buyer;1/4/2005, Vol. 351 Issue 32042, p26
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the annual capital debt and obligations report released by New York City Comptroller William Thompson, which states that New York City will edge closer to the legal limit of its borrowing capacity during the next three years. Thompson said the city's additional borrowing capacity will shrink to $4.69 billion in 2008 from $7.61 billion this year as a result of it entering into new capital contracts faster than it is retiring debt. The city also has an additional $500 million of debt-incurring capacity remaining outside of the GO cap.
ACCESSION #
15548101

 

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