The Woodlands Township reports record sales taxes and low debt in financial review

The Woodlands Board of Directors held a regular meeting on February 26, 2025, focusing on the township's financial health and community partnerships. The meeting highlighted the importance of strong fiscal management, showcasing the township's impressive double A plus bond rating, the highest achievable for an unincorporated community in Texas. This rating reflects the township's commitment to conservative budgeting and effective debt management.

A significant point of discussion was the reduction of outstanding debt, which has decreased from $87.7 million in 2015 to $20.7 million in 2025, marking a 76% reduction over the past decade. This achievement underscores the board's priority to manage and refinance debt effectively, contributing to the township's financial stability.

The meeting also reviewed revenue sources, noting a record-breaking sales tax revenue of $73.7 million in 2024, rebounding from the pandemic's impact in 2020. Similarly, hotel tax revenue reached $10.3 million, reflecting successful efforts to promote tourism in the area. The board acknowledged the contributions of staff in maximizing investment earnings during low-interest periods, which has further bolstered the township's financial position.

Additionally, the parks and recreation program reported a record revenue of $10.6 million, demonstrating a successful recovery from pandemic-related shutdowns. The board emphasized the importance of public safety in maintaining community satisfaction and financial health, noting that a safe environment encourages growth and stability.

Overall, the meeting reinforced the township's commitment to maintaining a diverse revenue base and effective financial management, allowing for continued investment in community services while lowering property tax rates. The board's proactive approach has positioned The Woodlands as a model for fiscal responsibility and community engagement.