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 2013 Bond Election Issuance Amount
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Note: The assessed values for future years in the foregoing table assume an annual growth rate of 3 percent. The additional debt rate is also based on assumptions regarding the timing of issuance of bonds in the years shown, the assumed tax valuations and the projected interest rates. The City believes the assumptions to be reasonable, but the assumptions could be affected both positively and negatively by factors beyond the control of the City.

The Round Rock City Council has called an election for Nov. 5 for the issuance of tax bonds for City public safety, park and recreational, and library purposes. Below are the proposed issuance amounts and estimated tax impact for the bonds.

Estimated Tax Impact

Issuance Date

Projected Interest Rate

Total Issuance Amount

Additional Debt Rate

Additional Maintenance
and Operations Rate 

Total

Total Annual Impact 

2014

4.35% 

$64.3 million

1.52 cents 

1.8 cents

3.32 cents 

$60.25

2018

5%

$44.2 million

.75 cents

1.89 cents

2.64 cents

$47.95

2020

5.25%

$14.9 million

0 cents

.96 cents

.96 cents

$17.49

Total

 

$123.4 million

2.27 cents

4.65 cents

6.92 cents

$125.69

Note: The values above assume an annual growth rate of 3 percent on overall assessed property values. The total annual impact is based on a home value of $181,526, the FY 2014 average value.

 

Proposed Issuance Amounts

 

2014
Issuance Amount

2018
Issuance Amount

2020
Issuance Amount

Prop 1: Fire Department Facilities

$3.3 million

$9.1 million

$4.1 million

Prop 2: Parks and Recreation Purposes

$42.5 million

$4.1 million

$7.5 million

Prop 3: Library Facilities

--

$20 million

$3.3 million

Prop 4: Police and Fire Training Facility

$18.5 million

$11 million

--

Total

$64.3 million

$44.2 million

$14.9 million

Maintenance and Operations

$1.5 million

$1.8 million

$1 million


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City of Round Rock | 221 East Main Street, Round Rock, Texas 78664 | Phone: (512) 218-5400
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