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McAllen City Annual Debt Report (2022)

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What is this?

The City of McAllen’s Annual Debt Report lists every bond the city has issued up to September 30 2022. For each bond it shows the original amount, how much principal is still unpaid, the interest that will be paid until the bond’s final maturity, the total amount (principal + interest) that will be paid, the maturity date, whether the debt is backed by property taxes, and how much money the city actually received from selling the bonds and how that money was spent.

Key figures

Largest bond issuance (General Obligation 2014) $42,380,000 original par; $45,346,007 proceeds received
General Obligation Refunding Bonds 2021 $38,490,000 original par; $38,261,506 proceeds received
International Toll Bridge Revenue Bonds 2017A $18,455,000 original par; $20,718,153 proceeds received
Development Corp Sales Tax Bonds Series 2017 $10,165,000 original par; $10,096,776 proceeds received
Waterworks & Sewer Revenue Bonds Series 2015 $40,000,000 original par; $40,000,000 proceeds received
Total principal outstanding for all listed bonds $216,? million (sum of outstanding principals shown)
Latest maturity date among all bonds March 1 2052 (Junior Lien International Toll Bridge Bonds Series 2022A & 2022B)
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