City of Parker debt reporting

House Bill 1378, passed during the 2015 legislative session, requires every city to annually report various figures related to the city’s amount of debt.

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In compliance with the House Bill 1378, The City of Parker’s report is now posted on their website.

Total Tax-Supported and Revenue Debt

  • Total Authorized Debt: $9,005,000.00
  • Total Principal of all outstanding debt obligations: $5,920,000.00
  • Combined Principal and Interest required to pay all outstanding debt obligations on time and in full: $6,884,571.25

Total Debt secured by Ad Valorem Taxation (includes combination tax and revenue debt obligations)

  • Total authorized debt obligations secured by ad valorem taxation: $5,180,775.00
  • Total Principal of all outstanding debt obligations secured by ad valorem taxation: $3,656,515.00
  • Combined Principal and Interest required to pay all outstanding debt obligations secured by ad valorem taxation on time and in full: $4,214,411.46

Per Capita Total Debt secured by Ad Valorem Taxation (include combination tax and revenue obligations)

  • Total authorized debt obligations secured by ad valorem taxation expressed as a per capita amount: $1,207.64
  • Total Principal of outstanding debt obligations secured by ad valorem taxation as a per capita amount: $852.33
  • Combined Principal and Interest required to pay all outstanding debt obligations secured by ad valorem taxation on time and in full as a per capita amount: $982.38
  • Population total used to calculate per capital figures: 4,290

Source and year of data used to calculate per capita figures North Texas Council of Governments – 2016

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