DEBT INFORMATION

Pass-Through Debt:

In 2006, TxDOT and Williamson County signed an agreement for the County to build US 183A, US 79 (3 sections), IH-35 Turnaround Bridges (Georgetown), RM 2338 and FM 1660. The contract was modified to remove the reimbursement of FM 1660 that was agreed upon between Williamson County and TxDOT. The County received a total of $127,009,375 and this contract is paid in full.
In 2011, Williamson County signed a second Pass Through Agreement with TxDOT for the construction of northbound frontage roads and ramps on IH-35 in Georgetown. TxDOT will reimburse a maximum of $12,096,700 on construction costs. To date, we have received $7,559,190.

Refunding Bonds and Limited Tax Notes

In September 2023, the County redeemed and defeased $19.3 million of the 2015 Unlimited Tax Road Bonds and $10.1 million of the 2015 Certificate of Obligations. $30 million of debt service was deposited in an escrow account. This amount included $29.4 million in principal and the remainder in interest. The debt defeasance resulted in savings of $9.4 million in interest payments over 10 years. Since 2004, Williamson County has defeased a par value of $176.6 million for a total savings of $92.8 million.
Bonds are refunded to pay off outstanding debt and to take advantage of lower interest rates. Refundings are only issued when debt service savings can be achieved on outstanding bonds. Over the course of the bond program since 2004, refinancing debt has saved more than $103.4 million. There were no refundings in fiscal year 2023.

Bond Election

On November 5, 2019, Williamson County voters approved $412 million in road bonds and $35 million in park bonds.
- Both the road and park bond authorizations have been issued in full.
On November 2, 2023, Williamson County voters approved $825 million in road bonds and $59 million in park bonds.
- On April 4, 2024, $160 million of the 2023 road bonds were issued.

Important Documents