bonds at a value of USD 400 million for the benefit of
When practical, the city will develop, authorize, and issue revenue, special fee, or other self-supporting debt
instruments instead of general obligation bonds.
0x when taking into account self-supporting debt
service for the airport.
Direct debt is heavily subsidized by state funds totaling 65% of annual debt service, which Fitch considers to be self-supporting debt
When self-supporting debt
is excluded, Washington County is closer to the average ratios for the Maryland peer group (see Exhibit 4, for example).
Fitch no longer considers this to be self-supporting debt
Overall net debt excludes self-supporting debt
that is unlikely to be paid from the tax base itself because it has its own revenue stream (i.
MODERATE OVERALL DEBT: Overall debt levels remain moderate, aided by the city's direct debt profile that includes considerable self-supporting debt
Beginning in fiscal 2014, a portion of the annual debt cost is expected to be offset by state transportation aid for the city's outstanding series of LTGO pass-through toll revenue bonds, though Fitch does not yet consider these reimbursements as self-supporting debt
Overall debt of Prince George's County, excluding self-supporting debt
of multiple enterprise systems, is low at about $1,950 per capita basis and 1.
Overall debt ratios, excluding self-supporting debt
, are moderate with debt per capita at $3,484 and 5.
More favorably, the city maintains modest direct debt levels due in part to some self-supporting debt
and a rapid amortization pace on its tax-supported debt.