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Benchmarking and Measuring Debt Capacity

GFOA BUDGETING SERIESV olume 1 BenchmarkingandMeasuring Debt CapacityRowan A. MirandaRonald D. PicurGOVERNMENT finance OFFICERS ASSOCIATIONC opyright 2000 by the government finance Officers Associationof the United States and Canada203 N. LaSalle St., Suite 2700 Chicago, IL 60601 All rights reservedThe text of this publication, or any part, may not be reproducedwithout the written permission of the no. 0-89125-221-5 LOC control no. 00-133081 Printed in the United States of AmericaFirst printing, June 2000 Second printing, November 2006 Third printing, February 2008 ContentsForeword.

GFOA BUDGETING SERIES Volume 1 Benchmarking and Measuring Debt Capacity Rowan A. Miranda Ronald D. Picur GOVERNMENT FINANCE OFFICERS ASSOCIATION

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