Page 337 - FY 2026-2027 Adopted Budget Book

Debt

The General Debt Service Fund is used for the accumulation of resources for payment of general long-term
debt principal and interest. Resources include an applicable portion of the ad valorem tax levy and related
interest income usable from debt service. Funding of the General Debt Service Fund is made on a
conservative basis of estimating the collectable portion of the tax levy. From this collectable portion, an
allocation of available funds is made between General Fund operating revenue and General Debt Service
Fund.

Debt that is supported by the utility systems or sales tax dedicated to Street Improvements are paid from those
funds with funding coming from the revenue of the water and sewer charges, stormwater fees, or portion of
sales tax dedicated to street improvements as applicable.

The State of Texas limits the ad valorem tax rate to $2.50 per $100 valuation, including the component for debt
service. The City of Bedford’s 2026-2027 tax rate of $0.566599 per $100 valuation falls well below this limit.

The City currently has a bond rating of AA+ from S&P.

FY 2027 Debt Payments by Fund
o
a
n
e
u

r
r
F
t
w
S S Stormwater Fund:: d d :
t
m
w

r
a
e
t
r
m
u
o
n
t
F
.
1
2
,
%
7
$ $ $493,867.26 (3.61%)) )
4
8
6

9
3
3
6
(
6
.
6
9
4
3
8
,
6
6
.
2

(
.
3
1
%
7
e
-
C
v
t
I
o
r
m
p
E E EDC-4B Street Improvement Fund:: :
n
e
m
D
S
u

e
d
r
n
e
t
B
t
4

F
e
t
v
n
e
F
n
u
m

d
o
t
r
S
p

e

I
m
e
t
B
D
r
C
-
4
6
$ $ $660,024.50 (4.82%)) )
(
.
6
4

4
.
2
0
0
0
5
,
8
2
%
5
%
.

0
6
0
,
0
4
6
2
.
(
2
4
8
Interest & Sinking Fund
W W a a t t e e r r a a n n d d S S e e w w e e r r F F u u n n d d : Water and Sewer Fund
Water and Sewer Fund::
6
3
4
,
2
3
3
(

$ $ $4,135,733.26 (30.20%)) )
.
0
3
.
7
2
5
%
,
1
0
5

,
.
(
3
EDC-4B Street Improvement Fund
%
0
4
0
7
,
2
1
.
6
3
2
3
3
Stormwater Fund
S

n
i
&
s
e

t
u
F
d
n

i
k
g
n
r
e
n
t
I I Interest & Sinking Fund:: :

&
g
n
S
t
n
k
n
i
i
e
e
u
s
d
n
r
F
t

%
3
.
(
8
1
8
$ $ $8,405,628.02 (61.38%)) )
6

2
4
.
8
5
0
6
,
,
2
0
8
6
,
.
4
0

%
5
2
0
2
8
,
1
(
6
3
.
8
Total Amount (FY2027)
$13,695,253.04
Data Updated: Jul 21, 2026, 2:53 PM View Report
Debt payments in FY2027 total $13,695,253, which is an increase of $24,771, or 0.18% from FY2026.
FY 2026-2027 Adopted Budget Book · September 15, 2026 333