· Related development
City issues $11.2 million in Series 2025A COs for streets
The City's notice set June 10, 2025 for an ordinance authorizing up to $12.5 million in COs for streets, alleys, culverts and bridges. City financial reports record Series 2025A COs of $11,200,000 maturing through 2035, with debt service from property taxes.[1][2][3]
What the sources say
- ✓ Verified
The City's notice set a June 10, 2025 meeting to consider up to $12,500,000 in Series 2025A certificates for streets, alleys, culverts and bridges, stating outstanding tax-supported principal of $189,088,000 and estimated principal and interest on the new certificates of $14,408,604, with a maximum maturity of September 30, 2036.[1]
- Max principal
- $12,500,000
- Outstanding tax supported
- $189,088,000
- Est principal and interest
- $14,408,604
- ✓ Verified
The City issued $11,200,000 of Combination Tax and Revenue Certificates of Obligation, Series 2025A, for streets, at 4.00%-5.00% interest, maturing through February 15, 2035; the ACFR says debt service is funded by property taxes.[2][3]
- Principal
- $11,200,000
- ✓ Verified
The City's FY2025 financial report shows governmental-activities certificates of obligation outstanding of $43,450,000 at September 30, 2025, up from $17,645,000 a year earlier (excluding special-assessment, solid waste, airport and utility-supported COs, which are reported separately).[2]
- Outstanding fy2024
- $17,645,000
- Outstanding fy2025
- $43,450,000
- ✓ Verified
Texas Comptroller data record $68,041,000 in certificate-of-obligation principal outstanding for the City of Amarillo and $144,695,000 in other tax-supported principal (together $212,736,000, the FY2025 general obligation principal in the same dataset).[4]
- Co principal
- $68,041,000
- Non co principal
- $144,695,000
- Go principal fy2025
- $212,736,000