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 Debt||Business-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 estimate of 25,040. Source North Central Texas Council of Governments, 2020.
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.