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"That is just more money we'll have to spend on debt service."
The state would pay the debt service on the bonds.
Consequently, the cost of debt service for the building will be greater.
Under current law, part of the property tax revenue is used for debt service.
Most of Pakistan's federal budget now goes to the military and debt service.
Some pay 60 percent of their annual budgets for debt service.
Debt service as a percentage of the budget is also rising.
Nearly 19 cents of every tax dollar goes to debt service.
Instead, he said the state would pay off the debt service on the bond sale over the next 35 years.
"They're worried about an increase in their debt service obligations."
And its debt service was reduced by 35 to 40 percent."
Enough money has been set aside, in nearly all cases, to cover debt service payments at least through the end of the year.
The state now covers only 58 percent of what it is supposed to pay for those local debt service costs.
By 1788, debt service accounted for almost half of current revenues.
And now the health care losses will have to be paid from the county's debt service fund.
It would lock us into debt service payments for 35 years.
Commercial Bankers like to see debt service coverage of at least 120 percent.
And yet, Miller doesn't believe in debt service to anyone.
In the next fiscal year, 18 percent of city tax revenues will go for debt service, he said.
It will use that fund to pay the debt service on the old 1987 bonds for the next seven years.
The Legislature also passed a bill to pay debt service on the state's bonds.
Peru has been in default on its foreign debt service since 1985.
Will the city be able to meet the debt service while paying tomorrow's maintenance?
Debt service next year will be $45.1 million, she said.
The act gives states guidelines on how to regulate different debt services.