Debt obligations summary
Entity Name: County of El Paso, Texas
Type of Entity: County
Most recently completed fiscal year*: 10/01/2017 - 09/30/2018
El Paso County issues debt to fund public infrastructure, such as new government buildings and renovations, water distribution systems, park improvements, and other projects that require significant capital investment. Using debt allows the County to complete a capital project with a repayment schedule that spreads the cost of the project over the life of the Bond. The County reviews projects thoroughly as to scope, feasibility, cost, useful life of the financed asset, and capacity to repay debt. Shorter term capital outlays are funded with the maintenance and operations tax rate equal to one penny rather than through the issuance of debt.
During fiscal year 2018, some of the major initiatives funded with the debt issued in previous fiscal years and completed were the implementation of the Payroll/HR component of the ERP Financial Management Software and the Jail Annex Expansion. Some of the ongoing projects funded with the debt issued in previous fiscal years are Courthouse improvements; far eastside parks and improvements; Fabens Airport renovations; purchase of new elections equipment; and infrastructure and Forest Migration (the migration of the Microsoft Directory Services and all information contained within the domain) project for information technology
DEBT OBLIGATIONS SUMMARY
Total outstanding debt obligations: $230,154,356
Total tax-supported debt obligations: $227,924,677
Total tax-supported debt obligations per capita: $271.09
Total revenue-supported debt obligations: $2,229,679
Total lease-purchase or lease-revenue obligations: $205,068
There were no bond elections during fiscal year 2018
Tax-supported debt obligations are the combined principal and interest required to pay all outstanding debt obligations secured by ad valorem taxation on time and in full.
Revenue-supported tax obligations are the combined principal and interest required to pay all outstanding debt obligations that will be paid by revenues.
Total tax-supported debt obligations expressed as per capita is the ratio of tax-supported debt obligations to population (840,410 for fiscal year 2018).
Texas Comptroller of Public Accounts Debt at a Glance Tool
Bond Review Board Local Government Debt Data
Upcoming Bond Election Information - No Scheduled Bond Election