City of Troup Financial Transparency
For the Second Consecutive Year, The City of Troup
has been awarded the Texas Comptroller's highest designation
If you would like to contact the City of Troup or City Officials click this link for contact information.
Click here to view the Truth in Taxation Summary
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Click Here to go to the webpage with all the Current Year Budget Information and downloads.
|City of Troup Taxes Rates|
|Local Sales Tax||.010|
|Local Economic Development Sales Tax||.005|
The debt service in the Water and Sewer Fund is for a note executed December 8, 2011, with a Maturity Date of December 1, 2015, to fund the purchase of wireless water meters in the original amount of $132,110.00. There is a principal balance of $56,910. This debt is repaid from Water and Sewer Fund user fees.
The City of Troup owes $1,392,000.00 remaining principal balance on the 2013 Series Refunding Bonds with an annual interest rate of 2.92%. The bonds were issued April 16, 2013. The final bond payment is scheduled for August 1, 2029. Almost all of this debt was used to fund the new Water Tower. These are General Obligation Bonds which are repaid from property taxes. Click here to download a copy of the full information on the 2013 Series Refunding Bonds.
If you would like to know more about transparency in government, follow this link to the Texas Comptroller's website about transparency in government, Texas Transparency.org
You have a right, within the law to request public records. The following link presents you with a fillable and downloadable form and instructions for making your request.
If you would like to make an Open Records Request click this link.