Debt Obligations

The Debt Obligations page contains information required by the Texas Comptroller of Public Accounts to qualify for the Comptroller's Transparency Stars program. Additional information has been provided to aid in a broader understanding of the City's finances.

Bonds issued for the Governmental activities are payable from the levy of property taxes assessed against taxable property with the City. Bonds issued for business-type activities are self-supporting obligations which are paid from the respective net revenues of each activity.  Other obligations, including leases, may be repaid from property tax levies or general operating revenues.

The City of Sachse is reviewed and rated by two separate rating agencies.  The City of Sachse maintains AA with Standard and Poor’s; Aa2 with Moody’s

Current Debt Obligations as of 9/30/20


Governmental DebtBusiness-Type Activity Debt
Total
Per Capita*
Total Outstanding, Tax Supported Debt Obligations
$38,410,000$12,290,000$50,700,000$2,025
Other Obligations, Including Leases$113,869
$113,869$5
Total Outstanding Obligations$38,523,869$12,290,000$50,813,869$2,029

*Based on a population of 25,040

Tax Supported and Revenue Supported Debt
Inflation Adjusted Debt per Capita

Most Recent Bond Election November 7, 2006

Date
Total Approved
Purpose
2007 and 2009 GO Issue
$16,650,000
Streets & Roads

$870,000
Park & Recreation

$10,200,000
City Hall

$920,000
Senior Center Improvement

$615,000
Library

$8,670,000
Public Safety Facility
TOTAL
$37,925,000

  1. Debt Excerpts from Approved Budgets
  2. Debt Payments

Debt information is provided as part of the City's budget, The following links contain debt information excerpts from the past City budgets.

2021 Budget Excerpt

2020 Budget Excerpt

2019 Budget Excerpt

2018 Budget Excerpt

2017 Budget Excerpt

HB 1378: Debt Obligation Reporting under Local Government Code Section 140.008

The 84th Legislative passed HB 1378 to increase the transparency of local government debt.  Under Local Government Code § 140.008, political subdivisions, including counties, cities, school districts, junior college districts, special purpose districts, and the other subdivisions of state government must annually compile their debt obligation data from the preceding fiscal year.

2020 Report

Time Trend for Tax Supported and Revenue Supported Debt

Downloadable file detailing the outstanding General Government  and Business-Type debt for the previous five fiscal years.

Issue-by-Issue Listing of Outstanding Debts

Downloadable file detailing all outstanding City of Sachse debt obligations, including principal amount of each.

Texas Comptroller Debt at a Glance

The Texas Comptroller’s office has compiled debt statistics on all Texas cities, counties, school districts and community college districts, as well as the State Texas.