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.

Transparency Star Debt Obligations

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.

  FY 2019-2020 Per Capita
Total Outstanding Debt Obligations $38,795,004 $2,308.68
Total Tax-Supported Debt Obligations
 $12,881,688 $766.59
Total Revenue-Supported Debt Obligations $25,440,444 $1,513.95
Total Lease-Purchase or Lease-Revenue Obligations $472,872 $28.14
Tax Supported Debt Revenue Supported per Capita
Per Capita Tax Supported Debt

On June 18, 2020, the City issued General Obligation Refunding Bonds, Series 2020, to refund the outstanding balances of its Series 2010 Combination Tax & Revenue Certificates of Obligation. The par amount of the refunded debt totaled $2,930,000.

The debt service savings of the City resulting from the refunding is $412,362.75, while the present value of such savings is $383,144.87.

View historical bond election information (PDF).

View the Texas Comptroller Annual Local Report (XLS).

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 2020 estimate of 16,804.

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.