The 84th Texas Legislature passed HB 1378 to increase the transparency of local government debt, effective for fiscal years ending after January 1, 2016. The following information is presented in compliance with Local Government Code § 140.008 for fiscal year ended September 30, 2018. This information must be updated annually within 180 days of the most recent fiscal year.
The following charts show the City’s Bond Debt and Tax rate for the current year (2018-2019) and previous 6 years.
In the 2019-2020 fiscal year, the remaining balance for the 2010 Bond debt will be paid.