DEBT INFORMATION

Pass-Through Debt:

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. The reimbursement from TxDOT is based on a calculation of $0.07 per vehicle mile traveled; no more than $1,099,700 will be reimbursed annually on the completed project. The amount received to date is $8,658,890.35.

Refunding Bonds and Limited Tax Notes

In September 2024, the County redeemed and defeased $10.1 million of the 2015 Unlimited Tax Road Bonds and $9.6 million of the 2015 Certificate of Obligations. $19.9 million of debt service was deposited in an escrow account. This amount included $19.7 million in principal and the remainder in interest. The debt defeasance resulted in savings of $2.4 million in interest payments over the next 5 years.
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 and has defeased a par value of $196.3 million for a savings of $95.2 million. There were no refundings in fiscal year 2024.

Tax Anticipation Note (TAN)

In April 2024, Williamson County issued a Tax Anticipation Note (TAN) in the amount of $141.5M. The TAN is a short-term debt security issued by the government. Williamson County issued the TAN to pay for right of way and roadway improvements.

Bond Election

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