Debt Obligation

Total Outstanding Tax and Revenue Supported Debt in Millions 

Inflation Adjusted Tax Supported Debt per County Resident 

Total Outstanding Debt

Tarrant County’s total outstanding tax supported debt as of September 30, 2022 is $409,467,000.  The County does not have revenue supported debt. The County's leases outstanding is $5,107,000. The tax supported debt obligation per county resident is $164.80. 

Bonds are generally issued as 20-year serial bonds. Payments are scheduled through 2035. 

 

Debt Summary Charts

 

Sept. 30, 2022

Sept. 30, 2021

Sept. 30, 2020

Sept. 30, 2019

Sept. 30, 2018

Ltd Tax Ref & Impr Bonds Ser 2010

 

 1,805,000

 3,520,000

 7,690,000

 11,655,000

Ltd Tax Ref & Impr Bonds Ser 2013

5,235,000

 37,870,000

 42,610,000

 47,120,000

 52,630,000

Ltd Tax Ref & Impr Bonds Ser 2015

9,890,000

 56,340,000

 59,185,000

 61,895,000

 64,475,000

Ltd Tax Ref & Impr Bonds Ser 2015A

31,040,000

 39,215,000

 47,235,000

 55,095,000

 63,205,000

Ltd Tax Ref Bonds Ser 2016

40,095,000

 46,440,000

 52,690,000

 58,855,000

 66,310,000

Ltd Tax Ref Bonds Ser 2017

28,740,000

 32,005,000

 35,205,000

 35,720,000

 36,225,000

Ltd Tax Ref Bonds Ser 2022A

28,675,000

       

Ltd Tax Ref Bonds Ser 2022B

45,780,000

       

Ltd Tax Bonds Ser 2022

214,905,000

       

Total as of FYE

404,360,000

213,675,000

240,445,000

266,375,000

294,500,000

 

 

Total Ltd Tax Bond

Capital Leases

Total Outstanding Debt

2022

 404,360,000

 5,107,000

 409,467,000

2021

 213,675,000

 38,000

 213,713,000

2020

 240,445,000

 71,000

 240,516,000

2019

 266,375,000

 857,000

 267,232,000

2018

 294,500,000

 1,641,000

 296,141,000

 

Bond Elections

The two most recent Tarrant County bond elections occurred in 1998 and 2006. There are no upcoming bond elections. 

1998

On August 8, 1998, Tarrant County voters approved G.O. Bond funding for three separate capital improvement projects totaling $94,300,000. The capital improvement projects included the construction of a new Family Law Courthouse, the addition of a County public health facility, and expansion of the County’s jail facilities.

 

Bond

Proposition

Amount Authorized

Amount

Issued

Unissued

Balance

Family Law Center

$70,600,000

$63,100,000

$7,500,000

Public Health Facility

$9,100,000

$1,000,000

$8,100,000

County Jail Facilities

$14,600,000

$14,600,000

$0

Total

$94,300,000

$78,700,000

$15,600,000

 

At this time, there is no intent to sell the balance associated with these bond authorizations.

The Family Law Courthouse provides specially designed courtrooms, conferencing areas, and children’s waiting rooms. A new County public health facility was proposed to enhance the program operations by providing sufficient training and classroom space for health promotion activities. Other sources of funds were also used to complete this project. The expansion of the County’s jail facilities included 1,100 additional beds.

 

2006

On May 13, 2006, Tarrant County voters approved G.O. Bond funding up to $433,120,000 in capital improvement and transportation projects designed to meet the needs of one of Texas’ fastest growing counties.

 

Bond

Proposition

Amount Authorized

Amount

Issued

Unissued

Balance

Roads & Bridges

$200,000,000

$200,000,000

$0

Jail Facilities

$108,000,000

$93,000,000

$15,000,000*

Court Buildings

$62,300,000

$62,300,000

$0

Juvenile Justice Complex

$36,320,000

$36,320,000

$0

Medical Examiner Facilities

$26,500,000

$26,500,000

$0

Total

$433,120,000

$418,120,000

$15,000,000

*Reallocated $15 million from court buildings to jail facilities.

 

Obsolete and overcrowded facilities are being renovated or replaced with newer facilities to handle future growth. Voters approved five separate proposals, four of which involve capital improvement projects. Those projects include improvements to the County and District Court (Civil Courts) buildings, the Juvenile Justice Complex, the Medical Examiner’s facilities, and County jail facilities. The remaining proposal addresses the county’s transportation needs and includes mobility, street, road, highway and bridge maintenance, and improvement projects.

 

Definitions

  • General Obligation Bonds (G.O. Bonds) are secured by the County’s ad valorem taxes. Tarrant County issues G.O. Bonds with voter approval following a bond election.
  • Limited Tax Bonds can be issued by the County, under Article III, Section 52, of the Texas Constitution. These bonds are secured by pledging a percentage of the property taxes. The debt amount must not exceed 25 percent of the County’s total appraised taxable valuation.
  • Refunding Bonds can be issued by the County, under Chapter 1207, Texas Government Code, to refinance outstanding bonds by issuing new bonds at a lower interest rate.  Refunding Bonds do not require an election.
  • Lease-Purchase Bonds involve the purchase of an asset through periodic lease payments.

 

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