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Dripping Springs reviews debt-service schedule and prepares proposed 2026 ad valorem rate
Summary
City staff detailed debt-service payments, Texas Water Development Board loans and how recent bond series will affect the proposed fiscal 2027 ad valorem tax rate; council asked for comparative tax-rate data and additional district (MUD/ETJ) context.
Sean Cox, a city staff presenter, opened the budget workshop by saying, “Primary focus for tonight is going to be review of our debt service funds.” He walked the council through multiple debt issuances, including Texas Water Development Board loans and city bond series, and explained how interest-and-sinking and maintenance-and-operations components combine to form the proposed ad valorem rate for 2026.
Cox detailed that the city received a TWDB loan in 2019 for “a little over $23,500,000” and has other series that will increase debt service in 2027–2029. He told council the city will present comparative tax-rate information (including neighboring cities Buda and Kyle) and separate breakdowns for in-city and extraterritorial (ETJ) property owners, plus MUD assessments, at a future workshop. “We will be getting these all up on our website,” Cox said, referring to budget materials.
