City's tax supported debt decreasing

Glenn Hegar, Texas Comptroller of Public Accounts released information from Texas Transparency that showed that the City of Howe's debt ratio has improved steadily since 2009 when the city passed a bond of $1,550,000. The numbers reflect authorized but unissued taxsupported debt as of August 31, 2014 The current tax supported debt listed showed Howe to be at $1,320,000.

With a 2,614 popultion reported in $505 tax ng per owe's

Size

Howe to be The City of Merkel has a population of 2,601, yet have a tax supported debt outstanding of $6,919,000 which equates to a $2,660 debt per capita. The City of Seymour, population 2,634, has no outstanding debt

How does Howe compare to other local cities? Van Alstyne shows a debt of $3,705,000 or $1,150 debt per capita Anna, who has had over 100 percent population change recently, has a debt of $16,409,000 with a ratio of $1,552

Howe's $0 69 proposed tax rate to be approved this month includes $0 179513 on each $100 valuation of property for the purpose of principal and interest on bonds and certificates of obligation.