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Responsible Borrowing

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Status Indicators: Proceeding as Anticipated |  Monitoring Progress | Reviewing for Improvement | Information Unavailable

Status Indicators:
Proceeding as Anticipated
 Monitoring Progress
Reviewing for Improvement
Information Unavailable

Per Capita: $1,336
Debt to Value: 0.95%

FY 2020

Please note that Q1, Q2, Q3, and Q4 refer to the first, second, third, and fourth quarters of the Fiscal Year. The City’s Fiscal Year runs from October 1st – September 30th and is denoted by FY. CY denotes Calendar Year.

FY20:

The net bonded debt per capita  was $1,336 which is calculated by the net bonded debt of $164,853,295/the estimated population of 118,457.

The ratio of net bonded debt to assessed value was 0.95% which is calculated by the net bonded debt of $164,853,295/the assessed value of $16,587,035,748. 

This measure is the dollars of net bonded debt per capita and net bonded debt as a percent of taxable value of property. The FY 2018 results reported include the assessed value from the annexed areas. 

Formula:

Net bonded debt per capita represents the total outstanding debt secured by property taxes, net of debt service funds and self-supporting debt, divided by the city's population.

Per Capita: (Net bonded debt/population)

Debt to Value: (Net bonded debt/taxable property value)

The target is <$2,400 per capita and 1.5% Debt to the Taxable Value of Property.

This target reflects five year projections of debt issuances, population, and valuation.

The City wants to ensure the responsible use of debt. By managing this ratio the City can ensure its ability to keep taxes low for residents.

City of Sugar Land Annual Budget Book

Contact Information

City of Sugar Land
2700 Town Center Blvd. North
Sugar Land, TX 77479

Department of Innovation
Contact (281) 275-2198
www.sugarlandtx.gov
[email protected]

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Contact Information

City of Sugar Land
2700 Town Center Blvd. North
Sugar Land, TX 77479

Department of Innovation
Contact (281) 275-2198
www.sugarlandtx.gov
[email protected]

Site Map
Disclaimer
Privacy

click here to view the city of sugar land's facebook pageclick here to view the city of sugar land's twitter page