The City of Deer Park City Council passed Resolution 2014-08 on July 1, 2014 pledging to post all bond and debt information on the City website in accordance with the Texas State Comptroller’s criteria for financial transparency.
The debt service summary includes a snap shot of debt service outstanding by fund, a summary of the City's most recent bond election, and the bond rating on the City's most recent debt issuance. The summary includes a schedule that describes the purpose of each issuance, which is also illustrated graphically.
The debt schedule Includes a brief description of each outstanding bond issue and the annual principal and interest payments, allocated by fund. This schedule also shows the total by fund and the grand total of the City's outstanding debt service.
The most recent long-term rating on the City's general obligation debt was released by Standard and Poor's Ratings Services on August 17, 2015 in conjunction with the City's issuance of Certificates of Obligation, Series 2015.