Below is a chart showing a history of the City of Ann Arbor's General Obligation debt and Accrued Compensated Absences. The increase in 2019 reflects the sale of bonds for the DDA pedestrian improvements to Huron Street and William Street. This annual debt service will be paid by the Downtown Development Authority (DDA) from tax revenues captured for the DDA. The City does not issue debt to finance ongoing operations. The structured debt represents bonds sold for capital improvements and does not included any revenue bonds related to Water and Sewer projects, which are not supported by tax dollars.
Employee compensated absences represent the liability for the accrued vacation, sick and compensatory time off for City employees.
