Debt Information
Chambers County records reflect a modest debt level and a much-improved reserve level that have resulted from conservative fiscal management practices. The County practices conservative budgeting and adopts a fund balance policy that requires the County to maintain an unassigned fund balance in the General Fund not less than 25% of annual expenditures.
Chambers County recognizes several long-term needs that continuously need studying and funding by the Commissioners' Court. Road construction and other infrastructure projects will be necessary to facilitate growth in industry and population.
Original Principal Amount Original Interest Amount Debt Balance as of December 31, 2022 Tax Supported Debt: General obligation refunding bonds, series 2012 5,270,000.00 875,726.00 1,582,026.00 Pass through toll revenue & limited tax bond, series 2014 * 9,270,000.00 2,383,617.78 5,665,206.25 Pass through toll revenue & limited tax bond, series 2015 * 19,335,000.00 6,936,636.81 17,908,800.00 Combination tax and revenue certificates of obligation, series 2015 ** 8,240,000.00 3,617,579.58 8,590,084.37 Tax Note, Series 2016 9,370,000.00 1,094,417.00 3,024,950.00 Pass through toll revenue & limited tax bond, series 2020 * 9,405,000.00 3,017,866.00 11,334,460.00 Combination tax and revenue certificates of obligation, series 2021** 46,090,000.00 20,436,602.00 64,310,220.00 Total: 106,980,000.00 38,362,445.17 112,415,746.62 Revenue Supported Debt: Pass through toll revenue & limited tax bond, series 2014 * 9,270,000.00 Pass through toll revenue & limited tax bond, series 2015 * 8,240,000.00 Combination tax and revenue certificates of obligation, series 2015 ** 19,335,000.00 Pass through toll revenue & limited tax bond, series 2020 * 9,405,000.00 Combination tax and revenue certificates of obligation, series 2021** 46,090,000.00 Total: 92,340,000.00 *Upon completion of the FM 1409 road program, The county will receive revenue from TXDot. Until completion these debts are supported by tax revenue.
For more information on County Debt please visit the Texas Comptroller of Public Accounts Debt at a Glance website .Texas Bond Review Board website .
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