General Debt Service

General Debt Service is primarily supported by the debt service portion of the City's tax rate. This portion of the tax rate is not flexible and is set by a calculation based on the required fiscal year payments.

Texas Department of Transportation Payment

In addition to revenue from the Debt Service portion of the tax rate, the city receives an annual payment from the Texas Department of Transportation (TxDOT) as part of a Pass-Through Tolling Agreement. This payment is applied to the 2008 General Obligation Bonds and payment details and further information on the agreement can be found on the "2008 GO Bonds" tab.

Other Payments & Information

To date, the 2014 Certificate of Obligation has not impacted the debt service tax rate. These payments have been made from fund balance in the General Debt Service Fund. The 2017 Tax Notes were issued to purchase new fire equipment and payments on this issue will also be paid from the fund balance. This fund balance is the result of interest collected in the fund, as well as delinquent and penalty taxes that have accumulated over prior years and is restricted to use on debt payments.

Total Tax Supported Debt
Fiscal YearPrincipal DueInterest DueTotal Principal & Interest
20194,300,0001,889,5946,189,594
20204,450,0001,737,8916,187,891
20214,555,0001,578,3246,133,324
20224,725,0001,410,8616,135,861
20234,900,0001,230,8786,130,878
20244,000,0001,052,8945,052,894
20253,880,000903,4134,783,413
20263,905,000754,4384,659,438
20273,445,000601,1754,046,175
20281,705,000501,8882,206,888
20291,760,000438,0132,198,013
20301,840,000370,7312,210,731
20311,905,000298,5912,203,591
20323,345,000228,1253,573,125
20331,515,00086,0191,601,019
2034515,00019,178534,178
2035160,0007,350167,350
2036165,0002,475167,475
Total51,070,00013,111,83564,181,835
Tax Supported Debt Bar Graph 2018