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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. TxDOT will reimburse a maximum of $151,942,000.00.
  • 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 $12,096,700.00 on constructions costs.
  • As of September 30, 2020, total outstanding bonds payable debt is $1,010,794,956 of which $97,799,350 is reimbursable by TXDOT.


Refunding Bonds:

Refunding bonds are issued to pay off outstanding debt to take advantage of lower interest rates. Refundings are only issued if the benefit is to save the Williamson County taxpayer’s money.
In January 2020, a combination of park and refunding bonds were issued in the amount of $40,065,000. The refunding portion of the bond is $11,652,168 with a total savings of $917,202.78.


Cash Defeasance of Debt:

The County has legally defeased bonded debt. In September 2020, the County has defeased $36,620,000 in bonded debt. Total cost savings of $27,945,888 has been realized as a result of the reduction of future interest payments.


Bond Election:

  • On November 5, 2019, Williamson County voters approved $412 million in road bonds and $35 million in park bonds.
  • In January 2020, the road bonds issued $300 million and park and refunding bonds issued $40,065,000. The refunding portion consisted of $11.6 million which resulted in a savings of $917,203.00.
  • On November 5, 2013, Williamson County voters approved $275 million in road bonds and $40 million in park bonds that have all been issued.


2015 Certificates of Obligations:

In May 2015, Williamson County issued $59,645,000 to construct buildings for an expanding workforce to meet the demands of a growing population. As of September 2020, several buildings have been built. These buildings include Round Rock Health District, Sheriff’s Office Training Facility, North Campus, Georgetown Annex, expansion of the Animal Shelter, the Granger Simulcast Tower, Inner Loop Annex improvements. and the Sheriff’s Gun Range.