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Debt Obligation

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The total amount of debt supported by Ad Valorem Tax for the City of Bastrop, as of September 30, 2022, is $28,540,142 and revenue supported is $94,818,315 making the total debt obligation $123,358,457. Total tax supported debt obligations expressed as per capita is $2,580. The City of Bastrop debt obligations summary is shown below. The city does not participate in any lease-purchase or lease-revenue obligations. The population used in this calculation was derived from the 2020 Census, estimated out for 2 years. The City's current general obligation bond rating with Standard & Poors is "AA" and revenue bond is "AA-".

There is not a bond election scheduled at this time.

 

graph per capita

 

HB 1378: Debt Obligation Reporting

The 84th Legislature passed HB 1378 to increase the transparency of local government debt. Under political subdivisions, including cities, annually compiling of their debt obligation data from the preceding fiscal year is required.

Total Debt Outstanding per year and Issue

Time Trend for Total Outstanding Tax & Revenue Supported Debt

Bond Issues Purpose & Balances

Bond Election History

Current Fiscal Year's Tax Rate Information

 

Other Information:

Texas Comptroller of Public Accounts Debt at a Glance Tool

Local Entity Debt Lookup tool

City Council Contact Information

Link to previous adopted budgets

Texas Bond Review Board

 

“The Mission of the City of Bastrop is to continuously strive to provide innovative and proactive services that enhance our authentic way of life to achieve our vision.”