Responsible Borrowing
Responsible City Government
Status Indicators: Proceeding as Anticipated | Monitoring Progress | Reviewing for Improvement | Information Unavailable
Status Indicators:
Proceeding as Anticipated
Monitoring Progress
Reviewing for Improvement
Information Unavailable
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 of <$2,400 per capita; <1.5% Debt to Value. 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.
FY16:
The net bonded debt per capita was $1,739 which is calculated by the net bonded debt of $151,230,638/the estimated population of 86,972.
The ratio of net bonded debt to assessed value was 1.28% which is calculated by the net bonded debt of $171,875,540/the assessed value of $11,818,972,725.
FY17:
The net bonded debt per capita was $1,810 which is calculated by the net bonded debt of $158,804,693/the estimated population of 87,730.
The ratio of net bonded debt to assessed value was 1.29% which is calculated by the net bonded debt of $171,875,540/the assessed value of $12,348,749,011.
FY18:
The net bonded debt per capita was $1,458 which is calculated by the net bonded debt of $171,875,540/the estimated population of 117,869.
The ratio of net bonded debt to assessed value was 1.09% which is calculated by the net bonded debt of $171,875,540/the assessed value of $15,826,882,027.
Annexation of Greatwood and New Territory demonstrates overall decreases in both categories of net bonded debt per capita and net bonded debt to value.
FY19 results will be updated in the second quarter (April 2019).
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.
Contact Information
City of Sugar Land
2700 Town Center Blvd. North
Sugar Land, TX 77479
Office of Strategic Initiatives
Contact (281) 275-2198
www.sugarlandtx.gov
[email protected]