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California Debt and Investment Advisory Commission

About CDIAC

Program Areas

The California Debt and Investment Advisory Commission (CDIAC) provides information, education and technical assistance on debt issuance and public fund investments to local public agencies and other public finance professionals. The Commission was created to serve as the State's clearinghouse for public debt issuance information and to assist state and local agencies with the monitoring, issuance, and management of public debt. Its mission was later expanded to cover public investments.

In addition to providing California State and Local Government Debt Issuance Data , CDIAC also conducts regular Workshops and Seminars, provides Debt Issuance Reporting Forms and Fee Schedule and maintains a collection of Publications and Policy Information.

Fast Facts
California Public Debt Issuance for the Period January 1, 2008 to May 31, 2008*

Total State and Local

  • Total Debt Issued: $27,176,952,502
    (-17.1% decrease from 2007)
  • Total Long-Term Debt Issued: $26,666,952,502
    (-17.0% decrease from 2007)
  • Total Short-Term Debt Issued: $510,000,000
    (-20.3% decrease from 2007)

State vs. Local Debt Issuance (SLC)

  • Total Debt Issued by State Agencies: $12,575,241,886
    (-10.8% decrease from 2007)
  • Long-Term Debt Issued by State Agencies: $12,275,241,886
    (-12.9% decrease from 2007)
  • Total Debt Issued by Local Agencies: $14,601,710,616
    (-21.8% decrease from 2007)
  • Long-Term Debt Issued by Local Agencies: $14,391,710,616
    (-20.2% decrease from 2007)
  • CA Student Loan Corporation: $0
    (0% from 2007)

Refunding

  • Total Debt Refunded: $12,673,799,319 (47.5% Total long-term debt)
  • State Debt Refunded: $4,150,689,667
    (33.8% State long-term debt)
  • Local Debt Refunded: $8,523,109,652
    (59.2% Local long-term debt)
  • SLC Debt Refunded: $0
    (0% Total SLC long-term debt)

Ratio of Debt Sold Negotiated vs. Competitive (Dollar volume)

  • Statewide Issuance: 95.0% to 5.0%
  • State Agency Issuance: 99.8% to .2%
  • Local Agency Issuance: 90.9% to 5.1%

Enhancement

  • Enhancement: $12,480,648,461
    (46.8% of total long-term debt)

*A corresponding reporting period has been used for 2007 comparisons.