Debt Information

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The City of Carrollton's (City) outstanding debt is comprised of Direct Obligations and Contractually Obligated Debt from other entities.

Direct Obligations consist of debt issued by the City and secured by levied taxes or City revenues.

Contractually Obligated Debt is debt issued by other Entities that the City is obligated to pay and calculated in accordance to contractual provisions.

Types of Debt

General Obligation Bonds

General Obligation Bonds provide funds for the acquisition and construction of major capital equipment, facilities, and infrastructure.

General obligation Bonds are direct obligations issued on a pledge of the general taxing power for the payment of the debt obligations of the City.

General Obligation Bonds require the City to compute, at the time other taxes are levied, the rate of tax required to provide (in each year bonds are outstanding) a fund to pay interest and principal at maturity. The City is in compliance with this requirement.

General Obligation Bonds have been rated AAA by Standard & Poor’s and Fitch.

Water and Sewer Revenue Bonds

Revenue Bonds are used to finance the acquisition and construction of major capital improvements for the water and sewer system and related facilities. These Revenue Bonds constitute special obligations of the City solely secured by a lien on and pledge of the net revenues of the water and sewer system.

The Revenue Bonds are collateralized by the revenue of the water and sewer system and the various special funds established by the bond ordinances.

The ordinances provide that the revenue of the system is to be used first to pay operating and maintenance expenses of the system and second to establish and maintain the revenue bond funds. Remaining revenues may then be used for any lawful purpose.

The ordinances also contain provisions which, among other items, restrict the issuance of additional revenue bonds unless the special funds noted above contain the required amounts and certain financial ratios are met. Management of the City believes that it is in compliance with all significant financial requirements as of September 30, 2025.

Water and Sewer Revenue Bonds have been rated AAA by Standard & Poor’s and Fitch.

Dallas Water Utilities (DWU) Contractually Obligated Debt

Trinity River Authority – Central Regional Wastewater System (CRWS)

City of Carrollton
Total Outstanding Debt Obligations

As of September 30, 2025 the Direct and Contractually Obligated Debt for the City was as follows:

Note: Per Capita figures are based on the City’s 2025 estimated population of 136,543.

Access downloadable dat a ^{(XLSX, 25KB)}

Total Tax-Supported And Revenue Debt

Column chart titled “Total Tax-Supported and Revenue-Supported and Revenue-Supported Debt” compares Tax-Supported and Revenue-Supported Debt from 2021 through 2025. The y-axis ranges from $0 to $250 Million.

For each year, Tax-Supported Debt (red) is higher than Revenue-Supported Debt (blue).

2021: Tax-Supported Debt about $204,520,000; Revenue-Supported Debt about $11,260,000.
2022: Tax-Supported Debt about $208,900,000; Revenue-Supported Debt about $9,340,000.
2023: Tax-Supported Debt about $216,580,000; Revenue-Supported Debt about $7,870,000.
2024: Tax-Supported Debt about $221,540,000; Revenue-Supported Debt about $15,440,000.
2025: Tax-Supported Debt about $227,380,000; Revenue-Supported Debt about $14,520,000.

Tax Supported Debt Expressed as Per Capita

Column chart titled “Tax-Supported Debt Obligations” shows inflation adjusted Tax-Supported Debt from 2021 through 2025 in 2025 constant dollars.

For each year, Inflation-Adjusted Tax-Supported Debt is decreasing.

2021: Tax-Supported Debt about $1,738
2022: Tax-Supported Debt about $1,692
2023: Tax-Supported Debt about $1,683
2024: Tax-Supported Debt about $1,672
2025: Tax-Supported Debt about $1,665

Debt Detail Information

Outstanding Debt Obligation by Issue as of 9-30- 25 ^{(XLSX, 23KB)}
Issue-by-issue listing including principal amount of each outstanding debt obligation.
Historical Bond Election Information ^{(XLSX, 27KB)}
Includes election date, purpose, and amount of bond elections.
Outstanding Direct Debt by Fiscal Year for the last 5-years ^{(XLSX, 33KB)}
Total outstanding tax-supported and revenue-supported debt.

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HB 1378: Debt Obligation Reporting
Under Local Government Code Section 140.008

The 84^th Legislature passed HB 1378 to increase the transparency of local government debt.

Under Local Government Code § 140.008, political subdivisions, including counties, cities, school districts, junior college districts, special purpose districts, and other subdivisions of state government must annually compile their debt obligation data from the preceding fiscal year.

Bond Authorization Balance Information as of 9-30-25 ^{(XLSX, 20KB)}
Authorized debt, issued and unissued amounts
Debt Financial Information as of 9-30-25 ^{(XLSX, 27KB)}
Outstanding direct debt obligations, tax and revenue supported. Includes purpose, credit rating, outstanding principal amount, debt service, and spent and unspent proceeds issue-by-issue.

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City Resources

Tax Rates for Current Fiscal Year
City of Carrollton Budget
Documents include debt service information for current and previous fiscal years.
Texas Comptroller of Public Accounts Debt at a Glance Tool

Bond Review Board
Local government debt data.
Debt Service Schedules as of 9-30-25
Debt service schedules for all outstanding General Obligation Bonds and Revenue Bonds.
Official Statements
More Information on the most current General Obligation and Revenue Bonds

The City of Carrollton will hold a Special Election for bond propositions on May 2, 2026.

Voters will consider five bond propositions totaling $235,000,000 for street and traffic improvements, public safety facilities, parks and recreation facilities, court facilities, and library facilities.

For more detailed information, view the

Voters' Guide ^{(PDF, 749KB)} and City's Election website.