City of Bellaire Debt Service Information – FY2023

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Per the Bellaire City Budget FY2023:  The City has $6,000,000 of authorized but unissued bond authority for streets and drainage construction which is not expected to be issued until fiscal year 2024. On September 30, 2022, total bonds outstanding are $104,945,000.

Total bonds outstanding on September 30, 2023, are expected to be approximately $98,695,000. We anticipate $6,250,000 on bond principal repayments in fiscal year 2023.  With the additional interest on the bonds the City’s Debt Service for 2023 is estimated to be $9,604,130Debt Per Capita 2024.