57.8 60.2 67.0 67.3 66.1 65.2

10.1 10.2

11.8 12.0 12.2 12.4 10.9 9.1 0.3 0.3 0.3 0.3

14.7 14.7 16.2 15.9 14.9 14.9

6.5 5.8 4.8 4.6 6.6 7.3

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2011 2012 2013 2014 2015 1H16

MV%

Revenue Local GO Insured State GO Prerefunded

13.2 13.0 12.8 13.0 13.6 13.8

54.2 53.1 49.5 49.6 53.8 54.1

24.1 25.2 31.1 32.8 26.7 26.2

8.5 8.7 6.7 4.6 5.9 5.9

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2011 2012 2013 2014 2015 1H16

MV%

Aaa Aa A Baa

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