Back to New York County Risk Audit
Independent School District • NY
New York City Public Schools
Public Bond Indebtedness, Interest Obligations & Debt Service Tax Pressure
98% Conf.
Tax Drift Index
87/ 100
Severe Drift Risk
New York City Public Schools Bond Carrying Cost Briefing
MSRB EMMA Official Bond Filings & State Education AgencyAugust 2026
Largest school district in the United States holding over $24.5B in Transitional Finance Authority (TFA) building aid bonds.
M&O Rate: 0.5%I&S Debt Rate: 0.1%Combined Rate: 0.5%
Total Outstanding Bond Debt
$24.5B
Voter-Approved Capital Bonds
Debt Burden Per Student
$26,063
Among Top 5% Nationally
Student Enrollment
940,000
Active K-12 Student Population
Annual Debt Interest Service
$1.3B
Annual Interest & Sinking Outflow