The total outstanding debt included debt paid for by property taxes and debt that is paid for by the water and sewer enterprise fund. The last maturity date is scheduled for February 2047.
The City issued special assessment revenue debt in 2018 to fund the Metropark Square Public Improvement District. This debt is funded 100% by special assessments paid by the developer, there are no City funds paid towards the repayment of this debt.
In 2022 the City was awarded a loan through the Texas Water Development Board with low interest to help improve the City's waste water treatment plant to increase capacity and to avoid long term issues and future fines from TCEQ.
There are no upcoming bond elections.
View the following table to see the City of Shenandoah debt obligations summary.
Debt Obligations Summary
Debt Obligation Type
Fiscal Year 2022
|Lease-Purchase or Lease Revenue Debt Obligations||$0||N/A|
|Revenue-Supported Debt Obligations||$8,143,250||N/A|
|Tax-Supported Debt Obligations||$10,311,750||$2,947.06|
Special Assessment Revenue Debt Obligations (PID)
|Total Outstanding Debt Obligations||$32,415,000|
*The Per Capita 2020 population is 3,499 from the United States Census Bureau.
HB 1378: Debt Obligation Reporting Under Local Government Code Section 140.008
The 84th Legislature passed HB 1378 to increase the transparency of local government debt. Under Local Government Code Section 140.008, the following subdivisions of state government must annually compile their debt obligations data from the preceding fiscal year:
- Junior college districts
- School districts
- Special purpose districts