Page 365 - CityofColleyvilleFY25AdoptedBudget
P. 365
The subsequent pages provide a detailed breakdown of the future annual principal and interest requirements
for the City's outstanding debt obligations, including capital leases. As of October 1, 2024, through 2042, the
City has $11,802,772 in principal to retire and $4,605,373 in interest to pay.
Future Bond Sales and Impact on Operating Budget
Following a successful referendum in May 2024, where 74% of voters supported a future bond issue for
expanding the Colleyville Recreation Center, the City anticipates a bond election for the expansion in May 2025.
This expansion will have implications for the operating budget, which will be carefully considered and
managed to maintain scal responsibility.
City of Colleyville | Budget Book 2025 Page 365
