Vol. 1, No. 6, Published October 1, 2015
Dig Into Treasurer�s Debt Affordability Report
Treasurer John Chiang�s 2015 Debt Affordability Report offers insights into the State of California�s fiscal health, in particular its use of debt to finance critical public works projects.
It�s chock full of key data � including issued debt, analysis of the market for State bonds and a big-picture look at our improved bond ratings. It also shows some useful comparisons to other major states.
This matters because if we continue to improve our bond ratings, taxpayers will benefit from lower borrowing costs. More importantly, the cost savings can be redirected to important public programs, such as public safety and education.
The report also aims to educate readers by answering key questions, including:
- Why have the State’s borrowing costs gone down in the past year?
- What is the story behind the State’s debt refinancing, and how will it benefit taxpayers?
- How much debt is currently outstanding? How much has been authorized, but has not yet been issued?
- Is California paying more interest than other states? If so, how much more?
To learn more, read the Debt Affordability Report.
Intersections is prepared by staff of the State Treasurer's Office. This newsletter should not be used for making investment decisions about State of California bonds or notes. Potential investors always should obtain and read the Official Statement published by the State for each issue of bonds or notes. Send us suggestions and feedback.