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Pledged-Revenue Coverage NYC Transitional Finance Authority

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New York City Transitional Finance Authority
(AMOUNTS IN THOUSANDS)

Fiscal	PIT Revenue⁽¹⁾	Sales Tax Revenue⁽²⁾	Total Receipt	Other⁽³⁾	Investment Earnings⁽⁴⁾	Total Revenue	Future Tax Secured Bonds Debt Service	Operating Expenses	Total to be Covered
1998	$ 4,042,103	$ 2,001,750	$ 6,043,853	$ -	$ -	$ 6,043,853	$ 11,147	$ -	$ 11,147	$ -	$ 11,147
1999	5,593,874	3,242,000	8,835,874	-	-	8,835,874	127,961	-	127,961	-	127,961
2000	5,583,466	3,433,000	9,016,466	-	-	9,016,466	214,046	41,785	255,831	-	255,831
2001	5,582,545	3,714,000	9,296,545	-	-	9,296,545	344,428	73,970	418,398	-	418,398
2002	4,529,921	3,408,000	7,937,921	-	2,779	7,940,700	367,029	117,535	484,564	4,038	488,602
2003	4,489,749	3,289,000	7,778,749	624,000	2,598	8,405,347	467,803	107,875	575,678	9,390	585,068
2004	5,581,408	3,485,000	9,066,408	400,000	7,340	9,473,748	508,033	179,510	687,543	11,328	698,871
2005	6,521,398	4,370,000	10,891,398	1,147,242	16,157	12,054,797	552,282	389,260	941,542	11,509	953,051
2006	7,333,813	4,427,000	11,760,813	-	38,606	11,799,419	572,723	373,245	945,968	9,595	955,563
2007	7,719,777	4,627,000	12,346,777	1,264,215	12,523	13,623,515	579,949	339,575	919,524	8,848	928,372
2008	8,814,965	4,886,000	13,700,965	545,747	19,312	14,266,024	589,559	279,678	869,237	8,768	878,005
2009	6,618,177	4,746,000	11,364,177	645,747	5,858	12,015,782	541,641	156,780	698,421	8,215	706,636
2010	6,874,992	4,940,000	11,814,992	374,306	1,441	12,190,739	516,895	295,260	812,155	11,661	823,816
2011	7,672,070	5,591,000	13,263,070	852,562	373	14,116,005	671,577	376,210	1,047,787	18,005	1,065,792
2012	7,979,202	5,845,000	13,824,202	971,164	187	14,795,553	775,672	590,925	1,366,597	21,025	1,387,622
2013	9,204,898	6,139,000	15,343,898	112,446	380	15,456,724	838,501	636,440	1,474,941	25,289	1,500,230
2014	9,560,614	6,459,000	16,019,614	1,475,429	186	17,495,229	940,067	835,915	1,775,982	22,973	1,798,955
2015	10,660,168	6,735,546	17,395,714	2,344,760	18	19,740,492	987,829	787,965	1,775,794	23,599	1,799,393
2016	10,785,302	7,295,842	18,081,144	1,850,521	2,490	19,934,155	1,071,839	696,350	1,768,189	24,705	1,792,894
2017	11,091,809	7,013,173	18,104,982	2,138,319	3,546	20,246,847	1,194,541	870,415	2,064,956	23,848	2,088,804
2018	13,418,654	7,457,263	20,875,917	2,290,719	21,980	23,188,616	1,363,305	1,179,035	2,542,340	22,308	2,564,648
2019	13,376,944	7,816,915	21,193,859	2,435,730	29,803	23,659,392	1,517,759	1,724,240	3,241,999	25,089	3,267,088
2020	12,304,681	7,448,076	19,752,757	2,657,424	37,669	22,300,850	1,638,171	1,548,760	3,186,931	27,491	3,214,422
2021	16,573,878	6,521,420	23,095,298	2,860,105	(1,563)	25,953,840	1,625,250	2,370,510	3,995,760	23,739	4,019,499

(1) Personal income tax (PIT).

(2) Sales tax revenue has not been required by the TFA. This amount is available to cover debt service if required.

(3) Grant from City and Federal Subsidy.

(4) Net of fair market value adjustment.

Fiscal	PIT Revenue⁽¹⁾	Sales Tax Revenue⁽²⁾	Total Receipt	Other⁽³⁾	Investment Earnings⁽⁴⁾	Total Revenue	Future Tax Secured Bonds Debt Service			Operating Expenses	Total to be Covered
Year	PIT Revenue⁽¹⁾	Sales Tax Revenue⁽²⁾	Total Receipt	Other⁽³⁾	Investment Earnings⁽⁴⁾	Total Revenue	Interest	Principal	Total	Operating Expenses	Total to be Covered
1998	$ 4,042,103	$ 2,001,750	$ 6,043,853	$ -	$ -	$ 6,043,853	$ 11,147	$ -	$ 11,147	$ -	$ 11,147
1999	5,593,874	3,242,000	8,835,874	-	-	8,835,874	127,961	-	127,961	-	127,961
2000	5,583,466	3,433,000	9,016,466	-	-	9,016,466	214,046	41,785	255,831	-	255,831
2001	5,582,545	3,714,000	9,296,545	-	-	9,296,545	344,428	73,970	418,398	-	418,398
2002	4,529,921	3,408,000	7,937,921	-	2,779	7,940,700	367,029	117,535	484,564	4,038	488,602
2003	4,489,749	3,289,000	7,778,749	624,000	2,598	8,405,347	467,803	107,875	575,678	9,390	585,068
2004	5,581,408	3,485,000	9,066,408	400,000	7,340	9,473,748	508,033	179,510	687,543	11,328	698,871
2005	6,521,398	4,370,000	10,891,398	1,147,242	16,157	12,054,797	552,282	389,260	941,542	11,509	953,051
2006	7,333,813	4,427,000	11,760,813	-	38,606	11,799,419	572,723	373,245	945,968	9,595	955,563
2007	7,719,777	4,627,000	12,346,777	1,264,215	12,523	13,623,515	579,949	339,575	919,524	8,848	928,372
2008	8,814,965	4,886,000	13,700,965	545,747	19,312	14,266,024	589,559	279,678	869,237	8,768	878,005
2009	6,618,177	4,746,000	11,364,177	645,747	5,858	12,015,782	541,641	156,780	698,421	8,215	706,636
2010	6,874,992	4,940,000	11,814,992	374,306	1,441	12,190,739	516,895	295,260	812,155	11,661	823,816
2011	7,672,070	5,591,000	13,263,070	852,562	373	14,116,005	671,577	376,210	1,047,787	18,005	1,065,792
2012	7,979,202	5,845,000	13,824,202	971,164	187	14,795,553	775,672	590,925	1,366,597	21,025	1,387,622
2013	9,204,898	6,139,000	15,343,898	112,446	380	15,456,724	838,501	636,440	1,474,941	25,289	1,500,230
2014	9,560,614	6,459,000	16,019,614	1,475,429	186	17,495,229	940,067	835,915	1,775,982	22,973	1,798,955
2015	10,660,168	6,735,546	17,395,714	2,344,760	18	19,740,492	987,829	787,965	1,775,794	23,599	1,799,393
2016	10,785,302	7,295,842	18,081,144	1,850,521	2,490	19,934,155	1,071,839	696,350	1,768,189	24,705	1,792,894
2017	11,091,809	7,013,173	18,104,982	2,138,319	3,546	20,246,847	1,194,541	870,415	2,064,956	23,848	2,088,804
2018	13,418,654	7,457,263	20,875,917	2,290,719	21,980	23,188,616	1,363,305	1,179,035	2,542,340	22,308	2,564,648
2019	13,376,944	7,816,915	21,193,859	2,435,730	29,803	23,659,392	1,517,759	1,724,240	3,241,999	25,089	3,267,088
2020	12,304,681	7,448,076	19,752,757	2,657,424	37,669	22,300,850	1,638,171	1,548,760	3,186,931	27,491	3,214,422
2021	16,573,878	6,521,420	23,095,298	2,860,105	(1,563)	25,953,840	1,625,250	2,370,510	3,995,760	23,739	4,019,499

Pledged-Revenue Coverage NYC Transitional Finance Authority

New York City Transitional Finance Authority(AMOUNTS IN THOUSANDS)

New York City Transitional Finance Authority
(AMOUNTS IN THOUSANDS)