California Debt and Investment Advisory Commission

California Public Debt Issuance

Yearly Totals for the Period January 1, 1985 Through December 31, 2022

Year State Issues Local Issues Student Loan Issues Total % of Change
1985 8,393,712,020 24,325,245,703 200,000,000 32,918,957,723 0.00
1986 7,848,976,464 16,464,931,480   24,313,907,944 -26.14
1987 4,630,360,000 12,423,924,702 325,000,000 17,379,284,702 -28.52
1988 8,045,675,000 14,315,615,201 125,000,000 22,486,290,201 29.39
1989 6,918,090,529 15,438,897,895   22,356,988,424 -0.67
1990 10,480,381,139 13,725,124,804   24,205,505,943 8.37
1991 14,521,605,862 20,063,079,556 237,500,000 34,822,185,418 43.83
1992 16,748,466,407 26,753,332,092 352,500,000 43,854,298,499 26.01
1993 15,291,478,972 41,320,302,474 63,700,000 56,675,481,446 29.19
1994 16,110,762,183 25,920,456,676 150,000,000 42,181,218,859 -25.57
1995 3,776,058,000 22,978,983,845 260,700,000 27,015,741,845 -35.95
1996 12,702,883,318 23,516,309,002 484,500,000 36,703,692,320 35.86
1997 10,529,337,417 28,301,435,573 150,000,000 38,980,772,990 6.20
1998 11,078,575,635 29,787,364,159 695,000,000 41,560,939,794 6.62
1999 7,493,552,199 26,702,594,699 261,000,000 34,457,146,898 -17.09
2000 7,707,805,181 22,678,746,144 83,000,000 30,467,596,325 -11.58
2001 13,428,673,567 31,758,586,146 244,700,000 45,431,959,713 49.12
2002 40,996,362,110 35,891,745,201 938,000,000 77,826,107,311 71.30
2003 37,035,893,637 43,660,366,766 521,200,000 81,217,460,403 4.36
2004 31,460,546,250 39,479,543,859 368,500,000 71,308,590,109 -12.20
2005 25,166,634,247 45,984,961,914 342,250,000 71,493,846,161 0.26
2006 12,345,224,500 46,658,757,400 290,000,000 59,293,981,900 -17.06
2007 30,443,298,829 54,509,965,443 692,800,000 85,646,064,272 44.44
2008 25,552,063,940 43,503,333,902   69,055,397,842 -19.37
2009 45,990,490,847 49,657,543,558   95,648,034,405 38.51
2010 37,818,592,473 52,208,812,284 458,319,000 90,485,723,757 -5.40
2011 24,218,439,720 34,147,210,675   58,365,650,395 -35.50
2012 25,988,543,881 41,189,237,547 213,013,545 67,390,794,973 15.46
2013 24,629,425,000 40,017,372,643 446,800,000 65,093,597,643 -3.41
2014 16,082,489,660 45,457,077,968   61,539,567,628 -5.46
2015 19,238,705,000 48,748,657,084   67,987,362,084 10.48
2016 22,688,107,420 56,079,358,502   78,767,465,922 15.86
2017 24,089,933,853 62,165,647,353   86,255,581,206 9.51
2018 16,367,126,543 46,669,176,283   63,036,302,826 -26.92
2019 18,181,631,271 58,545,768,283   76,727,399,554 21.72
2020 24,936,445,011 67,005,478,945   91,941,923,956 19.83
2021 27,687,044,814 81,475,666,972   109,162,711,786 18.73
2022 17,945,101,392 52,987,584,451   70,932,685,842 -35.02

*Totals may include taxable debt issuance as well as issuance for the purpose of refunding existing indebtedness.
Source: California Debt and Investment Advisory Commission
June 15, 2022.