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Bastrop County currently holds a bond rating of AA+ with Standard & Poor’s Ratings Services and a Aa2 with Moody’s Investor’s Service.
In FY 17-18 the County issued $9,305,000 in combination tax and revenue certificates of obligation, series 2018. The bonds have interest rates ranging from 3.0% to 5.0%. The certificates will be used for construction and equipping of a County office building, technology and communication upgrades and construction and improvement of road and bridges. Additionally, the funds will be used for the acquisition of road maintenance equipment and costs of issuance. The total outstanding debt as of September 30, 2020 is $40,975,000.
Tax-Supported Debt is supported by Ad Valorem taxes levied within the issuer’s boundaries. Bastrop County currently only issues Certificates of Obligation.
Debt Per Capita is a measure of how much debt a government has per citizen. It is calculated by adding short-term debt and long term debt, and then dividing by the population. This metric is used as an aid for visualization of the total level of government debt.
The County issues bonds to provide funds for the acquisition and construction of major capital facilities. Bonds payable as of September 30, 2020 were as follows:
*Bastrop County currently has no Lease Purchase Obligations or Revenue Supported Debt Obligations.
Population - 88,723
The population was obtained from the United States Census Bureau.
*Bastrop County has not had any historical bond elections
Bastrop County Courthouse
804 Pecan Street
Bastrop, TX 78602
Phone: (512) 581-7100
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