Los Angeles

City Council

September 03, 2024 Item #31

Agenda Item 31

(31) 21­1188­S9 Management Policy, the City has an established debt ceiling to guide in evaluating the affordability for future debt. The debt ceiling for non­voted direct debt as a percentage of General Fund revenues is six­percent. The 2024­25 Adopted Budget non­voter­approved debt ratio is 2.66 percent. The issuance of MICLA debt for these projects will not cause the City to exceed the six­percent non­voter­approved debt limit.