The chart above compares the total debt service owed by the Texas local government debt issuer alongside the eight water districts and authorities with the most similar amounts of debt outstanding and includes the principal and interest of current interest bonds (CIBs) outstanding compared to capital appreciation bonds (CABs) outstanding.

The chart above shows total debt service outstanding for the Texas local government debt issuer and includes a breakout of the principal and interest of current interest bonds (CIBs) compared to capital appreciation bonds (CABs). Note that most local government debt issuers do not have capital appreciation bonds outstanding. Also, included in the chart is an illustration of the projected annual scheduled debt service owed in the future until the final maturity date of all outstanding debt.

The above chart measures the rate of debt retirement for the Texas local government’s tax-supported debt outstanding. The rate of debt retirement measures the extent to which new debt capacity is created for future debt issuance. As a guideline, rating agencies look for a repayment schedule that retires (repays) 25 percent of the principal one quarter through the life of the debt (Q1), 50 percent halfway through the life of the debt (Q2), and 75 percent of the principal repaid by three-quarters of the debt’s life (Q3).

The chart above represents unique bond counsel firms used by the Texas local government debt issuer over the past five fiscal years. The size of each bar is determined by summing the total fees paid to each firm. Bond counsel firms that are designated as historically underutilized businesses (HUBs) are coded as such in the chart legend.

For more information about local government bond issue costs, see Appendix D of the Bond Review Board Local Government Annual Report.

The chart above represents unique financial advisor firms used by the Texas local government debt issuer over the past five fiscal years. The size of each bar is determined by summing the total fees paid to each firm. Financial advisor firms that are designated as historically underutilized businesses (HUBs) are coded as such in the chart legend.

The chart above represents the top 20 unique underwriter firms used by the Texas local government debt issuer during the past five fiscal years. The size of each bar is determined by summing the number of issuances the firm has served as an underwriter for the issuer. Underwriter firms that are designated as historically underutilized businesses (HUBs) are coded as such in the chart legend.

The chart above represents the rating agency fees paid by the Texas local government debt issuer over the past five fiscal years. The size of each slice is determined by the sum of the fees paid to each rating agency by the issuer.