Dallas finance committee hears overview of city debt, planned bond issuances and pension rating impacts

The Dallas Finance Committee received a city treasury and budget briefing on outstanding debt and planned issuances, including planned general obligation, revenue and refunding bonds, commercial paper and state‑loan financings.

Budget staff and the city’s financial advisers told the committee the city’s total general obligation debt outstanding is roughly $2.5 billion in principal, with annual debt service of about $434 million. City staff reported the city’s tax rate for fiscal year 2026 at 69.88 cents per $100 of taxable value, of which 19.13 cents is allocated for debt service. Staff said the city’s average interest rate on outstanding debt is approximately 3.06% with an average maturity of seven years and that 76.7% of outstanding principal will be repaid within 10 years under the current schedule.

Planned and proposed issuances described to the committee included a series of general obligation bonds (not to exceed $252 million) to fund the second $250 million tranche of the 2024 voter‑approved $1.25 billion bond program; equipment notes up to $35 million for vehicles and…