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Debt Information
The City of Gainesville also received a star in the area of Debt Obligations, which recognizes entities for their outstanding efforts in making their spending and revenue information available.
The City of Gainesville debt obligations summary is shown below. The all inclusive debt includes debt backed by taxes and debt that is solely supported by enterprise funds. The maximum length of debt for the city is 20 years.
Please note that all information for the City's debt obligations has been updated for FY2022 after completion of the City's audit for the year ended September 30, 2022. The City's financial statement audit is required to be completed prior to the following March 31 for each fiscal year, which means all information and data will be updated shortly after March 31st each year.
| FY 2021-2022 | Per Capita | |
|---|---|---|
| Total Outstanding Debt Obligations | $40,888,962 | $2,327.87 |
| Total Tax-Supported Debt Obligations |
$18,010,814 | $1,025.38 |
| Total Revenue-Supported Debt Obligations | $22,741,533 | $1,294.71 |
| Total Lease-Purchase or Lease-Revenue Obligations | $136,615 | $7.78 |
On March 7, 2023, the City issued Combination Tax and Revenue Certificates of Obligation, Series 2023, for acquiring, constructing, and installing additions, improvements, extensions, and equipment for the City’s waterworks and sewer system, including treatment facilities, storage facilities, drainage facilities, lines, wells, pumps, valves, lift stations, manholes, fire hydrants, service connections, electrical improvements, and related infrastructure improvements, including the acquisition of land. The par amount of the issued debt totaled $9,160,000.
Concerning this new debt issuance, please review the following notice:
View the NOTICE OF INTENTION TO ISSUE CERTIFICATE OF OBLIGATION OF THE CITY OF GAINESVILLE, TEXAS
View the Comptroller's Debt at a Glance tool.
View historical bond election information (PDF).
View the FY 2022 Annual Debt Report to State
View the Current Debt Outstanding for the current fiscal year (XLS)
View the Debt by Fiscal Year information (XLS).
View the Debt Service Fund excerpts from previous years’ budgets.
View the Tax Rates for the current fiscal year.
View the Issue-by-Issue Listing, including principal amount of each outstanding debt obligation
View monthly Investment Portfolio Reports.
Population figures used in per capita calculations provided by the Texas Demographic Center 2022 estimate of 17,565.
Access the Bond Review Board webpage to view local government debt data.
Please see the links on the left-hand menu for contact information for elected officials, information on requesting open records, and links to the Texas Comptroller’s website.