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 2026 the County issued $65,000,000 in Combination Tax and Revenue Certificates of Obligation, series 2026. The bonds have interest rates ranging from 4% to 5%. The certificates will be used for (1) several major building and expansion projects; (2) technology and communication upgrades; (3) construction and improvement of County roads and bridges. 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.

Debt Tables

Total Tax-Supported Debt Obligations
2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
$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	$7,025,477

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.

Total Outstanding as of September 30th of Each Year
Tax Supported Debt	Original Debt Amount	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
2006 Combination Tax and Revenue Certificates of Obligation	9,500,000	-	-	-	-	-	-	-	-	-	-
2009 Limited Tax Refunding Bonds	3,830,000	1,335,000	910,000	465,000	-	-	-	-	-	-	-
2010 Combination Tax and Revenue Certificates of Obligation	10,810,000	8,350,000	7,885,000	7,405,000	6,910,000	6,400,000	-	-	-	-	-
2012 Limited Tax Refunding Bonds	6,425,000	4,330,000	3,765,000	3,190,000	2,595,000	1,980,000	1,345,000	685,000	-	-	-
2013 Limited Tax Refunding Bonds	9,120,000	8,155,000	7,795,000	6,865,000	5,910,000	4,925,000	3,910,000	2,860,000	1,780,000	670,000	-
2014 Combination Tax and Revenue Certificates of Obligation	9,335,000	8,835,000	8,735,000	8,535,000	8,185,000	7,750,000	7,300,000	6,835,000	6,355,000	5,865,000	5,360,000
2015 Limited Tax Refunding Bonds	4,715,000	4,175,000	3,375,000	3,085,000	2,780,000	2,455,000	2,105,000	1,730,000	1,335,000	920,000	475,000
2017 Combination Tax and Revenue Certificates of Obligation	9,290,000	-	9,290,000	9,290,000	8,895,000	8,485,000	8,065,000	7,630,000	7,185,000	6,725,000	6,250,000
2018 Combination Tax and Revenue Certificates of Obligation	9,305,000	-	-	9,305,000	9,305,000	8,980,000	8,635,000	8,275,000	7,895,000	7,500,000	7,085,000
2020 Limited Tax Refunding Bonds	6,468,000	-	-	-	-	-	5,956,00	5,314,000	4,668,000	4,019,000	3,365,000
2021 Combination Tax and Revenue Certificates of Obligation	8,945,000	-	-	-	-	-	8,945,000	8,945,000	8,585,000	8,210,000	7,825,000
2023 Combination Tax and Revenue Certificates of Obligation	8,815,000	-	-	-	-	-	-	-	8,815,000	8,625,000	8,340,000
2024 Combination Tax and Revenue Certificates of Obligation	31,325,000	-	-	-	-	-	-	-	-	31,325,000	31,325,000
Total	127,883,000	35,180,000	41,755,000	48,410,000	44,580,000	40,975,000	46,261,000	42,274,000	46,618,000	73,859,000	70,025,000

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.

2025 Population - 114,931

The population was obtained from the United States Census Bureau.

Documents

Downloadable Documents

Download file

*Bastrop County has not had any historical bond elections