Dallas County Auditor’s Office
Dallas County Debt Review
Renaissance Tower - 1201 Elm Street, Suite 2300, Dallas, Texas 75270
Phone: (214) 653-6472 • Hours of Operation: 8:00 a.m. to 4:30 p.m.
The County’s Strategic Plan (2007-2017) addresses a long-term goal of converting from a capital structure which depends on tax-exempt debt to one that relies on cash. Debt financing for major projects is budgeted by commitment of a portion of the tax rate, a total of 4.5 cents per hundred is committed to combinded debt service and major capital development. As debt service from previously-approved bonds decreases, the increasing amount available from this tax rate provides money for major road projects, major building projects, and park and open space projects.
Long term debt for the year ended September 30, 2015 is as follows:
Issuances in Detail
On August 20, 2015, the County issued Unlimited Tax Refunding Bonds with a principal amount of $11,115 to advance refund $11,900 of outstanding Unlimited Tax Refund Series 2005.
On June 27, 2013, the County issued Limited Tax Refunding Bonds Series 2013 with a principal amount of $10,515, and premium of $1,669. This bond advance refunded $11,440 of Combination Tax and Parking Garage Revenue Certificates of Obligation Series 2004.
Additionally, on June 27, 2013, the County issued Limited Tax Notes Series 2013, with a principal amount of $35,825, and premium of $4,423. Proceeds of this bond are being used to fund improvements of certain County buildings to increase energy savings, pay cost of professional services related to the forgoing, and pay related bond issuance costs.
On May 1, 2011, the County issued Unlimited Tax Refunding Bonds Series 2011A with a principal amount of $30,495 and premium of $2,072. These bonds advance refunded $31,500 of Road Refunding Bonds, Series 2001A Current Interest Bonds.
Additionally, on May 1, 2011, the County issued Limited Tax Notes Series 2011 with a principal amount of $41,545 and premium of $3,749. Proceeds of this bond are being used to fund improvements of certain County buildings, update County elevators, purchase an enhanced and expanded video conference system, pay costs of professional services related to the forgoing, and pay related bond issuance costs.
On April 11, 2006, the County issued Combination Tax and Parking Garage Revenue Certificates of Obligation with a principal amount of $63,220 which was used to construct and equip County jail facilities and to construct and equip a replacement for the County’s existing Institute of Forensic Science building. The bonds were issued with a premium of $2,196.
If you’d like to see how the State Comptroller’s Texas Transparency website factor Debt-per-Capita, please visit their Debt-At-A-Glance website. The page has debt calculations for state, county and city government, plus similar data for school districts and community college districts.