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DEBT INFORMATION

City of College Station debt consists of General Obligation and Certificate of Obligation Bonds, to provide funds for the acquisition and construction of major capital facilities. These types of bonds have been issued by the City for both governmental activities as well as business-type activities. These bonds are reported in the proprietary funds if they are expected to be repaid from proprietary fund revenue.

General Obligation Bonds (GO’s) must be authorized by a vote of the citizens of the City of College Station. GO’s are direct obligations, for which the City has pledged the full faith and credit of the City. These bonds generally are issued as 20-year serial bonds with varying amounts of principal maturing each year.

Certificates of Obligation (CO’s) will be used in order to fund capital requirements that are not otherwise covered under either Revenue or General Obligation Bonds. Debt service for CO’s may be either from general revenues, backed by a specific revenue stream, streams or by a combination of both. Generally, CO’s will be used to fund capital assets when GO’s and RB’s are not appropriate and when authorized under law.

Revenue Bonds (RB’s) will be issued to provide for capital needs of the City’s Utilities: Electric, Water, and Wastewater Funds and are secured by the net revenues of those funds. The City pledges income derived from the acquired or constructed assets to pay the debt service. As of September 30, 2022, the City had no outstanding RB’s.

As of September 30, 2023 the total amount of Obligated Debt for College Station was as follows:

2023 Total Population 127,299

City of College Station Fiscal Year 2023 Per Capita
General Obligation Bonds $ 98,115,000 $ 771
Certificates of Obligation $ 337,245,000 $ 2,649
Lease-Purchase/Lease-Revenue Obligations $ - $ -
Total Outstanding Debt $ $435,360,000 $ $3,420


City of College Station Fiscal Year 2023 Per Capita
Tax Backed $ 219,312,820 $ 1,723
Revenue Backed $ 216,047,180 $ 1,697
Total Outstanding Debt $ $435,360,000 $ $3,420

 

Historical bond election information


Date of Authorization Purpose Amount Authorized
1/24/1984 Fire Substation Building(1) $700,000
1/24/1984 Street Improvements(1) $6,325,000
11/4/2003 Street Improvements $17,980,000
11/4/2003 Traffic Management $3,000,000
11/4/2003 Park Improvements $8,105,000
11/4/2003 Municipal Complex
Improvements
$7,610,000
11/4/2003 Fire Station Improvements $1,710,000
11/4/2008 Street Improvements $45,785,000
11/4/2008 Traffic Management $3,000,000
11/4/2008 Library Improvements $8,385,000
11/4/2008 Fire Substation Building $6,990,000
11/4/2008 Park Improvements $12,790,000
    $122,380,000

UPCOMING BOND ELECTIONS

There are no upcoming bond elections scheduled as of August 28, 2023  

REPORTS

Outstanding Debt Obligation by Issue as of 09/30/2023
Issue-by-issue listing including principal amount of each outstanding debt obligation.  

Outstanding Direct Debt by Fiscal Year for the last 5 years
Total outstanding tax-supported and revenue-supported debt. 

FY23 Local Annual Debt Report for City of College Station
Annual Debt Report submitted to Texas State Comptroller

FY2023 Tax Rate - City of College Station (cstx.gov)
Current Fiscal Year 2023 Tax Rates

Adopted Annual Budget for the last 5 years - City of College Station (cstx.gov)
Previous Last 5 Fiscal Years Adopted Budgets
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