Bonds

General Obligation Credit Overview

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General Obligation Bonds Overview

Norfolk’s general obligation bonds are secured by the full faith and credit of the City.

A portion of Norfolk’s general obligation bonds are paid by self-supporting enterprise funds. The table below summarizes Norfolk’s self-supporting debt that was outstanding as of June 30, 2026.

Self-Supporting G.O. Debt Outstanding as of June 30, 2026

Total Outstanding Par
Parking 105,543,427
Wastewater 58,503,219
Storm Water 54,865,722
Water 10,526,530
Self-Supporting 229,438,897
Total G.O. Bonds Outstanding 1,209,549,932
G.O. Debt Paid from dedicated fees & revenues 19%

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