Adopted Budget

45
TAx RevenUe sOURce
% OF
FOR DeBT seRvicinG Fy15 Fy16 AllOwABle
($ in MilliOns) BUDGeT ADOPTeD RevenUe UseD
proposition a (pa)
Net PA35% Sales Tax Revenue $ 244.1 $ 253.9
Annual PA35% Debt Service 138.4 137.6 62.3%
PA35% Debt Policy Maximum Permitted Annual Debt Service (1) 212.4 220.9
Maximum Additional PA35% Bond Issuance Allowed Under Debt Policy (2) 1,084.0 1,220.2
Debt Policy:
Maximum Permitted
Debt service
Net PA40% Sales Tax Revenue $ 279.0 $ 290.1
Annual PA40% Debt Service 4.5 4.1 100.0%
PA40% Debt Policy Maximum Permitted Annual Debt Service (3) N/A N/A
Maximum Additional PA40% Bond Issuance Allowed Under Debt Policy (3) N/A N/A
proposition c (pc)
Net PC10% Sales Tax Revenue $ 72.3 $ 75.2
Annual PC10% Debt Service 11.1 11.0
PC10% Debt Policy Maximum Permitted Annual Debt Service (4) 28.9 30.1 36.6%
Maximum Additional PC10% Bond Issuance Allowed Under Debt Policy (2) 262.1 279.7
Net PC25% Sales Tax Revenue $ 180.8 $ 188.0
Annual PC25% Debt Service 55.5 54.8 48.6%
PC25% Debt Policy Maximum Permitted Annual Debt Service (5) 108.5 112.8
Maximum Additional PC25% Bond Issuance Allowed Under Debt Policy (2) 777.1 849.7
Net PC40% Sales Tax Revenue $289.3 $300.8
Annual PC40% Debt Service 69.5 69.4 57.7%
PC40% Debt Policy Maximum Permitted Annual Debt Service (6) 115.7 120.3
Maximum Additional PC40% Bond Issuance Allowed Under Debt Policy (2) 677.9 746.0
Measure r (Mr)
Net MR35% Sales Tax Revenue $253.1 $263.2
Annual MR35% Debt Service 46.5 46.5 20.3%
MR35% Debt Policy Maximum Permitted Annual Debt Service (7) 220.2 229.0
Maximum Additional R35% Bond Issuance Allowed Under Debt Policy (8) 2,265.9 2,323.4
Net MR20% Sales Tax Revenue $144.6 $150.4
Annual MR20% Debt Service - - 0.0%
MR20% Debt Policy Maximum Permitted Annual Debt Service (9) 86.8 90.2
Maximum Additional MR20% Bond Issuance Allowed Under Debt Policy (8) 1,132.2 1,149.1
Net MR2% Sales Tax Revenue $14.5 $15.0
Annual MR2% Debt Service 7.1 7.1 54.6%
MR2% Debt Policy Maximum Permitted Annual Debt Service (10) 12.6 13.1
Maximum Additional MR2% Bond Issuance Allowed Under Debt Policy (8) 71.0 75.6
Net MR3% Sales Tax Revenue $21.7 $22.6
Annual MR3% Debt Service - - 0.0%
MR3% Debt Policy Maximum Permitted Annual Debt Service (11) 18.9 19.6
Maximum Additional MR3% Bond Issuance Allowed Under Debt Policy (8) 246.2 249.9
Transportation Development Act (TDA)
Net TDA Sales Tax Revenue $367.1 $381.8
Annual TDA Debt Service - - 0.0%
TDA Debt Policy Maximum Permitted Annual Debt Service (3) N/A N/A
Maximum Additional MR35% Bond Issuance Allowed Under Debt Policy (3) N/A N/A
Notes
(1) Debt policy limits annual
debt service to 87% of PA35%
tax revenue.
(2) Total amount of bonds that
could be issued under Debt
Policy limitations. Assumes
30 year amortization of debt
at 4.5%.
(3) No further debt issuance is
permitted pursuant to the
debt policy.
(4) Debt policy limits annual debt
service to 40% of PC10%.
(5) Debt policy limits annual debt
service to 60% of PC25%.
(6) Debt policy limits annual debt
service to 40% of PC40%.
(7) Debt policy limits annual debt
service to 87% of MR35% tax
revenue.
(8) Total amount of bonds that
could be issued under the
Debt Policy limitations.
Assumes amortization of
debt at 4.5% over remaining
life of Measure R sales tax.
(9) Debt policy limits annual debt
service to 60% of MR20% tax
revenue.
(10) Debt policy limits annual debt
service to 87% of MR2% tax
revenue.
(11) Debt policy limits annual debt
service to 87% of MR3% tax
revenue.
Totals may not add due to rounding.