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DEBT OBLIGATIONS SUMMARY

Victoria County practices conservative budgeting and maintains very modest debt levels, as well as a healthy reserve fund balance. The County has adopted a fund balance policy that sets as a goal a minimum fund balance of at least 25% of budgeted annual expenditures.

These summaries are based on our most recently completed and audited fiscal year: 2019. Victoria County's fiscal year runs from January 1 - December 31.  The 2019 estimated population of Victoria County is 92,084. Per capita is cost per citizen.

Sources: United States Census Bureau; American Community Survey; ACS 1- Year Estimates Data, 2019, https://data.census.gov/ and 2019 comprehensive annual financial report. 

Upcoming Bond Election Information: There are currently no scheduled bond elections. 


General Obligation Bonds (G.O. Bonds) are secured by the County’s ad valorem taxes.   Victoria County issues G.O. Bonds after the approval of the voters at a bond election.

Limited Tax Bonds can be issued by the County, under Article III, Section 52, of the Texas Constitution. These bonds are secured by pledging a percentage of the property taxes. The debt amount must not exceed 25 percent of the County’s total appraised taxable valuation.

Refunding Bonds can be issued by the County, under Chapter 1207, Texas Government Code, to refinance outstanding bonds by issuing new bonds at a lower interest rate.  Refunding Bonds do not require an election.

Lease-Purchase Bonds involve the purchase of an asset through periodic lease payments.


For more information on County Debt please visit the Texas Comptroller of Public Accounts Debt at a Glace website.

For debt information provided by the State please visit the Texas Bond Review Board website.