The Plan anticipates $527 million in Certificates of Participation (COPs), also known as General Fund debt, over the next 10 years. COPs are backed by a physical asset in the City’s capital portfolio, and repayments are appropriated each year out of the General Fund. The COP program makes significant commitments in the early years to address reductions in the Pay-Go program. 

Table 1.6 shows the Capital Plan’s COP Program for the next 10 years. 

Chart 1.2 illustrates the COP program against the City’s policy constraint for General Fund debt not to exceed 3.25% of General Fund Discretionary Revenue. 

All amounts attributed to future debt programs are estimates and may need to be adjusted.

Table 1.6

Chart 1.2