Debt (Interest & Sinking (I&S))
Debt Transparency Award
Hutto Fire Rescue Recognized for Their Commitment to Fiscal Accountability in Local Government by The Comptroller’s Transparency Stars Program.
Debt (Interest & Sinking (I&S))
Williamson County Emergency Services District #3 debt is supported by a portion of the Total Property Tax levied per year. There is no revenue-supported debt incurred by Williamson County Emergency Services District #3, nor has there been any type of bond election planned (https://www.brb.texas.gov/local-government-services/). Williamson County Emergency Services District # 3 needs do not rise to a level large enough to offset the expenses related to a bond issuance. Therefore, Williamson County Emergency Services District # 3 acquires debt directly from financial institutions through a competitive request for proposal (RFP) process to ensure the lowest rate opportunity. Williamson County Emergency Services District # 3 Board of Commissioners approved financial policies guide the level of debt acquired by Williamson County Emergency Services District #3 and is reviewed each time new debt is considered and annually during the fiscal year Budget development process.
In 2017, the 85th Legislature passed a transparency bill requiring certain special purpose districts to annually provide records and other information concerning district finances and tax rates to the Comptroller of Public Accounts (See Senate Bill 625 (SB 625)). SB 625 also required the Comptroller of Public Accounts to create the Special Purpose District Public Information Database, where information submitted by the districts will be assembled, updated, and made available to the public free of charge. The most recent Local Annual Debt Report, as required by Texas Local Government Code §140.008, can be found at the Texas Comptroller of Public Accounts Debt at a Glance Tool (DAAG). Williamson County Emergency Services District #3 debt can be found here.
Total outstanding debt obligations for Williamson County Emergency Services District # 3 as of 9/30/2023 are:
Historical trends for total tax-supported debt obligations for Williamson County Emergency Services District #3 are:
The Williamson County Emergency Services District #3 Inflation-Adjusted Tax-Supported Debt Per Capita is shown below:
Current debt obligations (raw data) include: