Total Long-Term Obligations
Louisiana's Long-Term Obligations include bonds issued for construction or repair of facilities known as General Obligation (GO) or Non-General Obligation bonds (Non-GO), pension benefits due state employees, and other general liabilities such as claims and litigation.
Did You Know Louisiana's Constitution Limits the Amount of the State's Debt?
The Constitution prohibits the issuance of Net State Tax Supported Debt (NSTSD), if the cost for servicing such outstanding debt exceeds 6% of the estimated revenues to be received by the state for each respective fiscal year as contained in the official forecast adopted by the Revenue Estimating Conference. NSTSD is a subset of debt reported in the state’s financial statement (CAFR). In Fiscal Year 2019, the cost of servicing NSTSD was $659 million or 5.44% of the estimated general fund and dedicated funds.
Louisiana's GO Bond Ratings By Credit Agency
-Issued August, 2018
-Issued July, 2018
-Issued February, 2019