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. 

Debt service on debt issued for general government purposes is paid primarily from a portion of the property tax levy that is designated for debt service. In addition, Kerrville's Economic Improvement Corporation uses sales tax revenue to support debt service on debt issued for the City's River Trail and Kerrville Sports Complex projects. Finally, debt related to the Water Fund is supported through water and sewer service revenue generated by the Water Fund.

Note that the City's general obligation and certificate of obligation bonds are secured by property taxes, but may be paid by sales tax or utility service revenue. The summary below categorizes debt based on the revenue supporting it rather than how the issuance is secured. 

In addition, note that the information below is based on outstanding debt principal reported as a liability at the end of each fiscal year. Interest on outstanding debt is recorded as expense as incurred and is not included in the numbers below.