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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: $1,458
Debt to Value: 1.09%

FY 2018

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.

This measure exceeded its target. This measure underscores the fact that the City has not taken on more debt than it can afford. Therefore, this measure exemplifies the City's ability to manage this debt ratio and ensure its ability to keep taxes low for residents.

This measure is the dollars of net bonded debt per capita. And net bonded debt as a percent of taxable value of property. The FY2018 results reported include the assessed value from the annexed areas. 

Net Bonded Debt: General obligation debt plus Certificate of Obligation debt minus reserves for repayment.

Formula

Per Capita: (Net bonded debt/population)

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

Please note: this information is typically updated in the 4th quarter in preparation of the Budget Book.

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

Office of Strategic Initiatives
Contact (281) 275-2236
www.sugarlandtx.gov
StrategicInitiatives@sugarlandtx.gov

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Contact Information

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

Office of Strategic Initiatives
Contact (281) 275-2236
www.sugarlandtx.gov
StrategicInitiatives@sugarlandtx.gov

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