County Financial Data

Debt Obligation

Bastrop County currently holds a bond rating of AA+ with S&P Global Ratings and an Aa1 with Moody’s Investor’s Service. In 2024 the County issued $34,070,500 in Combination Tax and Revenue Certificates of Obligation, series 2024. The bonds have interest rates ranging from 4% to 5%. The certificates will be used for (1) construction and equipping of a County’s building on County purchase land in Bastrop, Texas; (2) technology and communication upgrades; (3) construction and improvement of County roads and bridges; (4) acquisition of road maintenance equipment; (5) County building upgrades; (6) payment for professional services relating to the design, construction, project management, and financing of the aforementioned projects. The total outstanding debt as of September 30, 2025, is $70,025,000. All tables include information up to Bastrop County’s last audited fiscal year. Audits are published every April for the previous fiscal year ending September 30th.

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Debt Tables

Total Tax-Supported Debt Obligations
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
$4,514,477 $4,583,293 $3,885,671 $4,667,518 $5,675,993 $5,299,172 $5,639,221 $5,319,377 $5,853,497 $5,986,107

 

  • 2015: $4,514,477
  • 2016: $4,583,293
  • 2017: $3,885,671
  • 2018: $4,667,518
  • 2019: $5,675,993
  • 2020: $5,299,172
  • 2021: $5,639,221
  • 2022: $5,319,377
  • 2023: $5,853,497
  • 2024: $5,986,107

Tax-Supported Debt

Tax-Supported Debt is supported by Ad Valorem taxes levied within the issuer’s boundaries. Bastrop County currently only issues Certificates of Obligation. There are no upcoming bond elections.

Debt Per Capita

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, 2024 were as follows:

Issue Description Original Balance Interest Rate Issue and Maturity Date Outstanding Balance
2014 Combination Tax and Revenue 9,335,000 3.00-4.00% 2016-2034 5,360,000
2015 Limited Tax Refunding 4,715,000 3.00-3.50% 2016-2021 475,000
2017 Combination Tax and Revenue 9,290,000 3.00% 2017-2036 6,250,000
2018 Combination Tax and Revenue 9,305,000 3.00-5.00% 2018-2038 7,085,000
2020 Limited Tax Refunding 6,468,000 1.09% 2020-2030 3,365,000
2021 Combination Tax and Revenue 8,945,000 1.50-4.00% 2021-2041 7,825,000
2023 Combination Tax and Revenue 8,815,000 4.00-5.00% 2023-2043 8,340,000
2024 Combination Tax and Revenue 31,325,000 4.00-5.00% 2024-2044 31,325,000
Total Bonds Payable    $ 70,025,000

 

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Assessed Value of Real Property 4,104,480,966 4,669,808,487 5,516,803,465 5,971,622,988 5,969,473,582 6,596,480,810 7,218,038,026 8,450,904,528 11,587,736,156 13,177,498,439 14,218,774,069
Debt Limit Rate
 5% 5% 5%  5%  5%
  5%  5%  5% 5% 5% 5%
Debt Limit
 205,224,048 233,490,424 275,840,173 298,581,149 298,473,679 329,824,041 360,901,901 422,545,226 579,386,808 658,874,922 710,938,703
Total Bonded Debt
 38,215,000 35,180,000 41,755,000 48,140,000 44,580,000 40,975,000 46,261,000 42,274,000 51,089,000 80,155,093 75,421,606
Less: Amount Set Aside for Repayment
 1,706,520 1,720,819 2,093,865 2,156,074 2,512,856 3,005,134 3,207,444 3,862,077 3,827,839 4,609,879 5,277,550
Total Net Debt Applicable to Limit 36,508,480 33,459,181 39,661,135 45,983,926 42,067,144 37,969,866 43,053,556 38,411,923 47,261,161 75,545,214 70,144,056
Legal Debt Margin
 168,715,568 200,031,243 236,179,038 252,597,223 256,406,535 291,854,175 317,848,345 384,133,303 532,125,647 583,329,708 640,794,647

Debt Service Limit

Under state law, the maximum annual debt service in any fiscal year on state debt payable from a general revenue fund may not exceed 5 percent of an amount equal to the average of the unrestricted general revenue fund for the three preceding fiscal years.
Source: Texas Bond Review Board

Debt Obligation Summary
Principal Interest Total Per Capita
Tax-Supported Debt Obligations $70,025,000.00 $26,483,941.00 $96,508,941.00 $839.71
Total Outstanding Debt Obligations $70,025,000.00 $26,483,941.00 $96,508,941.00 $839.71

 

*Bastrop County currently has no Lease Purchase Obligations or Revenue Supported Debt Obligations.

 

2024 Population - 114,931

The population was obtained from the United States Census Bureau.

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