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  • City of Alice - Sales Tax Revenue History Last 10 Years, 2004 - 2013

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    The document contains information about sales tax revenue, property tax rates, bond debt, and infrastructure projects for the City of Alice over the last 10-15 years. Sales tax revenue increased steadily from 2004-2013. Property tax rates declined from a high of 0.436 in 2005 to 0.247 in 2013. Bond debt outstanding for the city decreased by over 13% from 2011 to 2014 through principal payments. The city was able to fund infrastructure projects from 1998-2007 while keeping property tax rates stable or declining and more projects from 2008-2013 while further lowering tax rates.

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    The document contains information about sales tax revenue, property tax rates, bond debt, and infrastructure projects for the City of Alice over the last 10-15 years. Sales tax revenue increased steadily from 2004-2013. Property tax rates declined from a high of 0.436 in 2005 to 0.247 in 2013. Bond debt outstanding for the city decreased by over 13% from 2011 to 2014 through principal payments. The city was able to fund infrastructure projects from 1998-2007 while keeping property tax rates stable or declining and more projects from 2008-2013 while further lowering tax rates.

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    19 views6 pages

    City of Alice - Sales Tax Revenue History Last 10 Years, 2004 - 2013

    Uploaded by

    callertimes
    The document contains information about sales tax revenue, property tax rates, bond debt, and infrastructure projects for the City of Alice over the last 10-15 years. Sales tax revenue increased steadily from 2004-2013. Property tax rates declined from a high of 0.436 in 2005 to 0.247 in 2013. Bond debt outstanding for the city decreased by over 13% from 2011 to 2014 through principal payments. The city was able to fund infrastructure projects from 1998-2007 while keeping property tax rates stable or declining and more projects from 2008-2013 while further lowering tax rates.

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    © All Rights Reserved
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    of 6

    CITY OF ALICE SALES TAX REVENUE HISTORY

    Last 10 Years, 2004 - 2013


    $18,000,000

    $16,000,000

    $14,000,000

    $12,000,000

    Total

    $10,000,000

    $8,000,000

    $6,000,000

    $4,000,000

    $2,000,000

    $0

    2004

    2005

    2006

    2007

    2008
    2009
    Calendar Year

    2010

    2011

    2012

    2013

    CITY OF ALICE - PROPERTY TAX RATES


    Last 10 Years, 2005 - 2014
    0.500
    0.450

    0.436
    0.432
    0.400

    0.400
    0.370

    0.350

    0.364

    0.356

    0.331
    0.289

    Tax Rate

    0.300
    0.250

    0.247

    0.247

    2013

    2014

    0.200
    0.150
    0.100
    0.050
    0.000
    2005

    2006

    2007

    2008

    2009

    2010

    Fiscal Year

    2011

    2012

    PROPERTY TAX RATE COMPARISON


    SURROUNDING AREAS 2013
    1.000
    0.900

    0.866

    0.842

    0.800
    0.700

    Tax Rates

    0.600

    0.637
    0.585
    0.572

    0.533

    0.500
    0.400
    0.300

    0.247

    0.200
    0.100
    0.000
    Population: Corpus Christi
    Descending
    305,215
    Order

    Laredo
    236,091

    Kingsville
    26,213

    Alice
    19,104

    Beeville
    12,863

    Portland
    15,099

    Robstown
    11,487

    HISTORICAL BOND DEBT OUTSTANDING


    Original
    Amount of
    Bond Issue

    2/4/2011

    2/4/2011

    2/4/2013

    2/4/2014

    Principal

    Principal

    Principal

    Principal

    Balance

    Balance

    Balance

    Balance

    1999 Certificates of Obligation

    2,650,000

    495,000

    255,000

    2003 Certificates of Obligation

    2,800,000

    2,180,000

    2,050,000

    1,910,000

    1,755,000

    2007 General Obligation Bonds

    9,600,000

    8,910,000

    8,530,000

    8,125,000

    7,700,000

    2009 Certificates of Obligation

    7,035,000

    6,765,000

    6,490,000

    6,215,000

    5,925,000

    2009 TWDB Combination Tax & Surplus Rev CO's

    4,257,000

    4,257,000

    4,257,000

    4,107,000

    3,957,000

    2010 TWDB SWSRF Certificates of Obligation

    2,054,000

    2,054,000

    2,054,000

    1,982,000

    1,912,000

    28,396,000

    24,661,000

    23,636,000

    22,339,000

    21,249,000

    Total Bond Debt Outstanding


    Total
    Decrease

    24,661,000

    24,661,000
    3,412,000

    PERCENTAGE OF DEBT DECREASED IN LAST 3 YEARS


    13.84%
    PERCENTAGE OF INTEREST FREE DEBT SERVICE
    27.62%

    City of Alice
    Funded Infrastructure Projects
    1998 2007
    Tax Rate: 1998 (0.435); 2007 (0.400)

    City of Alice

    Funded Infrastructure Projects


    2008 2013
    Tax Rate: 2008 (0.331); 2012 (0.247)

    INCREASE OF
    134.75%

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