Debt obligations summary

Entity Name: County of El Paso, Texas
Type of Entity: County
Most recently completed fiscal year*: 10/01/2018 - 09/30/2019

OVERVIEW

El Paso County issues debt to fund public infrastructures, such as new government buildings and renovations, water distribution systems, park improvements, and other projects that require significant capital investment. Using debt allows the County to complete a capital project with a repayment schedule that spreads the cost of the project over the life of the Bond. The County reviews projects thoroughly as to scope, feasibility, cost, useful life of the financed asset, and capacity to repay debt. Shorter-term capital outlays are funded with the maintenance and operations tax rate equal to one penny rather than through the issuance of debt.

During fiscal year 2019, some of the ongoing projects funded with the debt issued in previous fiscal years are Courthouse Improvements, Far Eastside Parks and Improvements, Fabens Airport renovations, purchase of new Elections Equipment, construction of an Employee Fitness Center, and Infrastructure and Forest Migration project for information technology.

DEBT OBLIGATIONS SUMMARY

Total outstanding debt obligations: $215,692,467
Total tax-supported debt obligations: $211,444,272
Total tax-supported debt obligations per capita: $251.49
Total revenue-supported debt obligations: $4,248,195
Total lease-purchase or lease-revenue obligations: $130,062
There were no bond elections during fiscal year 2019

Tax-supported debt obligations are the combined principal and interest required to pay all outstanding debt obligations secured by ad valorem taxation on time and in full. Revenue-supported tax obligations are the combined principal and interest required to pay all outstanding debt obligations that will be paid by revenues.

Total tax-supported debt obligations expressed as per capita is the ratio of tax-supported debt obligations to population (840,758 for fiscal year 2019).

NOTES

1. The last bond election was held on November 3, 1992, for the issuance of General Obligation Jail Bonds, which the voters overwhelmingly approved. The bonds were issued on March 16, 1993, in the amount of $35,000,000 for the construction of the Eastside Jail Annex
2. Source and year for population or enrollment figures used in per capita calculations: U.S. Census Bureau, 2018
3. 3. Total lease-purchases are presented as the present value of future minimum lease payments.
   

DOCUMENTS

Annual Debt Report Part 1
Annual Debt Report Part 2
2019 Tax Rates
Adopted Budget Debt Information

DOWNLOADABLE DATA

Time Trend for Outstanding Debt
Issue by Issue Listing

OTHER INFORMATION

Texas Comptroller of Public Accounts Debt at a Glance Tool
Bond Review Board Local Government Debt Data
Upcoming Bond Election Information - No Scheduled Bond Election