California Public Debt Issuance
Yearly Totals for the Period January 1, 1985 Through December 31, 2022
| Year | State Issues | Local Issues | Student Loan Issues | Total | % of Change |
|---|---|---|---|---|---|
| 1985 | 8,393,712,020 | 24,325,245,703 | 200,000,000 | 32,918,957,723 | 0.00 |
| 1986 | 7,848,976,464 | 16,464,931,480 | 24,313,907,944 | -26.14 | |
| 1987 | 4,630,360,000 | 12,423,924,702 | 325,000,000 | 17,379,284,702 | -28.52 |
| 1988 | 8,045,675,000 | 14,315,615,201 | 125,000,000 | 22,486,290,201 | 29.39 |
| 1989 | 6,918,090,529 | 15,438,897,895 | 22,356,988,424 | -0.67 | |
| 1990 | 10,480,381,139 | 13,725,124,804 | 24,205,505,943 | 8.37 | |
| 1991 | 14,521,605,862 | 20,063,079,556 | 237,500,000 | 34,822,185,418 | 43.83 |
| 1992 | 16,748,466,407 | 26,753,332,092 | 352,500,000 | 43,854,298,499 | 26.01 |
| 1993 | 15,291,478,972 | 41,320,302,474 | 63,700,000 | 56,675,481,446 | 29.19 |
| 1994 | 16,110,762,183 | 25,920,456,676 | 150,000,000 | 42,181,218,859 | -25.57 |
| 1995 | 3,776,058,000 | 22,978,983,845 | 260,700,000 | 27,015,741,845 | -35.95 |
| 1996 | 12,702,883,318 | 23,516,309,002 | 484,500,000 | 36,703,692,320 | 35.86 |
| 1997 | 10,529,337,417 | 28,301,435,573 | 150,000,000 | 38,980,772,990 | 6.20 |
| 1998 | 11,078,575,635 | 29,787,364,159 | 695,000,000 | 41,560,939,794 | 6.62 |
| 1999 | 7,493,552,199 | 26,702,594,699 | 261,000,000 | 34,457,146,898 | -17.09 |
| 2000 | 7,707,805,181 | 22,678,746,144 | 83,000,000 | 30,467,596,325 | -11.58 |
| 2001 | 13,428,673,567 | 31,758,586,146 | 244,700,000 | 45,431,959,713 | 49.12 |
| 2002 | 40,996,362,110 | 35,891,745,201 | 938,000,000 | 77,826,107,311 | 71.30 |
| 2003 | 37,035,893,637 | 43,660,366,766 | 521,200,000 | 81,217,460,403 | 4.36 |
| 2004 | 31,460,546,250 | 39,479,543,859 | 368,500,000 | 71,308,590,109 | -12.20 |
| 2005 | 25,166,634,247 | 45,984,961,914 | 342,250,000 | 71,493,846,161 | 0.26 |
| 2006 | 12,345,224,500 | 46,658,757,400 | 290,000,000 | 59,293,981,900 | -17.06 |
| 2007 | 30,443,298,829 | 54,509,965,443 | 692,800,000 | 85,646,064,272 | 44.44 |
| 2008 | 25,552,063,940 | 43,503,333,902 | 69,055,397,842 | -19.37 | |
| 2009 | 45,990,490,847 | 49,657,543,558 | 95,648,034,405 | 38.51 | |
| 2010 | 37,818,592,473 | 52,208,812,284 | 458,319,000 | 90,485,723,757 | -5.40 |
| 2011 | 24,218,439,720 | 34,147,210,675 | 58,365,650,395 | -35.50 | |
| 2012 | 25,988,543,881 | 41,189,237,547 | 213,013,545 | 67,390,794,973 | 15.46 |
| 2013 | 24,629,425,000 | 40,017,372,643 | 446,800,000 | 65,093,597,643 | -3.41 |
| 2014 | 16,082,489,660 | 45,457,077,968 | 61,539,567,628 | -5.46 | |
| 2015 | 19,238,705,000 | 48,748,657,084 | 67,987,362,084 | 10.48 | |
| 2016 | 22,688,107,420 | 56,079,358,502 | 78,767,465,922 | 15.86 | |
| 2017 | 24,089,933,853 | 62,165,647,353 | 86,255,581,206 | 9.51 | |
| 2018 | 16,367,126,543 | 46,669,176,283 | 63,036,302,826 | -26.92 | |
| 2019 | 18,181,631,271 | 58,545,768,283 | 76,727,399,554 | 21.72 | |
| 2020 | 24,936,445,011 | 67,005,478,945 | 91,941,923,956 | 19.83 | |
| 2021 | 27,687,044,814 | 81,475,666,972 | 109,162,711,786 | 18.73 | |
| 2022 | 17,945,101,392 | 52,987,584,451 | 70,932,685,842 | -35.02 |
*Totals may include taxable debt issuance as well as issuance for the purpose of refunding existing indebtedness.
Source: California Debt and Investment Advisory Commission
June 15, 2022.