Debt Information

Debt obligation transparency is all about local governments being upfront and clear about the money they owe—how much, for what, and when it’s due. It’s important because it gives taxpayers like you a clear view of where your money is going and how responsibly it’s being managed.

This transparency helps build trust, keep local officials accountable, and ensures decisions are made with everyone in mind. It’s a great way to keep the community informed and engaged in the financial health of your area!

General Obligation Bonds

Water and Sewer Revenue Bonds

Certificates of Obligation

Tax Notes

Special Tax Debt

Total Outstanding Debt Obligations

Note: Per Capita figures are based on the City's 2024 estimated population of 10,656.

	Fiscal Year 2024	Per Capita
Tax Supported Certificates of Obligation	$3,790,000	$356
Water/Sewer Revenue Supported Certificates of Obligation	$4,440,000	$417
Lease Purchase/Revenue Obligations	$0	$0
Total Outstanding Debt Obligations	$8,230,000	$773

Note: Outstanding Debt is as of 09/30/2025.

Historical Debt Information

Note: The City has not held any bond elections to date.

Issue Date	Par Amount	Outstanding	Title	Final Maturity
08/01/2018	$1,995,000	$1,430,000	Combination Tax & Ltd Pledge Revenue C/O Series 2018	03/01/2038
03/01/2016	$2,400,000	$1,475,000	Combination Tax & Ltd Pledge Revenue C/O Series 2016	03/01/2036
08/01/2014	$8,500,000	$4,690,000	Combination Tax & Ltd Pledge Revenue C/O Series 2014	03/01/2034
03/01/2012	$1,365,000	$0	General Obligation Refunding Bonds Series 2012	03/01/2017
03/01/2012	$230,000	$0	Tax Notes Series 2012	03/01/2017
06/15/2007	$1,503,000	$0	Combination Tax & Revenue C/O Series 2007	06/25/2011
08/01/1999	$2,020,000	$0	Combination Tax & Revenue C/O Series 1999	03/012012
08/01/1999	$820,000	$0	General Obligation Refunding Bonds Series 1999	03/01/2005
01/01/1990	$900,000	$0	Combination Tax & Revenue C/O Series 1990	03/01/1999
07/15/1986	$1,580,000	$0	Combination Tax & Revenue C/O Series 1986	03/01/1999
06/01/1961	$330,000	$0	SS Combination Rev & U/L Tax Bonds Series 1961 (McLennan County WCID #3 GO Debt)	036/01/1997

Planned Debt Issuance

The City does not anticipate issuing any debt during FY 2026. However, the City is actively evaluating a future General Obligation (GO) bond election to support key infrastructure and recreational priorities.

In particular, the redevelopment of Dugger Field, a 52-acre former landfill site now cleared and environmentally approved, into a regional baseball and softball complex. This facility would promote community wellness and serve as an economic development catalyst by attracting tournaments and visitors.

The City is seeking partial grant funding through the Texas Parks and Wildlife (TPWD) to offset the cost of recreational amenities. Depending on grant outcomes and community feedback, the City may pursue a GO bond election to fund all or a portion of these improvements.

Data Export

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

The 84th 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. The City of Bellmead has submitted this information to the Comptroller of Public Accounts and it can be found at Texas Local Government Debt Reporting.

Tax Rates

Each year the city is required to calculate a debt service tax rate to support the debt service needs of the city. These rates can be found here.