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CONTENTS
[. .] Introduction
[. .] Governmental units
. . [X] City of Columbus
. . [X] Columbus City Schools
. . [X] Columbus Metropolitan Library
. . [X] Federal Government
. . [X] Franklin County
. . [X] Ohio, State of
. . [X] Ohio State University
INTRODUCTION
This page carries information on debt held, debt-service, and
related costs associated with various levels of government. From
time to time, the figures on debt levels etc. are up-dated. For
context, annual budgets, tax revenues, etc. are included.
Because the up-dating of each governmental unit is random, each
unit carries its own date. In some instances, an annual interest
cost is estimated (Est.) by using 1/3rd of the reported annual debt-service payment.
GOVERNMENTAL UNITS
* City of Columbus - July 10, 2009
2008 Total debt -- $2.8 billion ($2,800 million)
. Annual total debt service -- $280 million
. Annual total interest (Est.) -- $93 million
2008 General fund debt -- $0.9 billion ($900 million)
Special Income Tax Fund
. Annual debt service -- $131 million
. Annual principal payments -- $90 million
. Annual interest -- $41 million
2008 Utilities Funds debt -- $1.9 billion ($1,900 million)
. Annual debt service -- $190 million
. Annual interest (Est.) -- $63 million
Context:
2008 Total general fund budget -- $650 million
2008 Total all funds budget -- $1.4 billion ($1,400 million)
Revenue from a personal income tax of 1/2% -- $130 million/year
2008 Debt per person -- $3,800 [$2,800,000,000/740,000= 3,800]
Source:
City of Columbus Auditor
* Columbus City Schools - July 14, 2006
Debt -- $400 million
. Annual debt service -- $60 million
. Annual interest -- $20 million
Context:
Debt per person -- $800
Source:
Press reports
* Columbus Metropolitan Library - July 14, 2006
Debt -- Zero
. Annual interest -- Zero
Context:
Debt per person -- N.A.
Source:
Press reports
* Federal Government - September 2008
Debt (Est.) -- $9.625 trillion
. Annual debt service -- The debt grows each year
. Annual gross interest -- $459 billion
Context:
General fund (GF) revenues (Est.) -- $1.56 trillion
Percent of GF going to interest -- 29.4%
Debt per person -- $32,000 [9,625,000 m / 300 m = 32,000]
Source:
2009 Budget of the United States
* Franklin County - December 2008
2008 Debt -- $277 million
. Annual debt service -- $24.5 million
. Annual interest cost -- $14 million
Context:
2007 Total revenues -- $1.2 billion
2008 Debt per person -- $231 [277 m / 1.2 m = 231]
Source:
Franklin County Auditor
* Ohio, State of - July 14, 2006
Debt -- $9 billion
. Annual interest -- $400 million
Context:
Debt per person -- $818 [9,000 m / 11 m = 818]
Source:
Press reports
* Ohio State University - July 14, 2006
Debt -- $815 million
. Annual interest -- $23 million
Context:
Debt per person -- N.A.
Source:
Press reports
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Address:
Bill Buckel
1641 Hess Blvd.
Columbus, OH 43212
. .Ph. 614--488-8963
Notice: This web site does not have an e-mail return address.
URL = http://www.billbuckel.com
Up-dated: July 10, 2009