Tax Impact Projections

Estimated Debt Service

• Based upon the estimated debt service, if both propositions are approved, the estimated maximum annual increase in the amount of ad valorem taxes that would be imposed on a residential homestead in the City with a taxable appraised value of $100,000 to repay the proposed bonds to be authorized is $7.09. For the average home in Buda with a taxable value of $287,927, the estimated maximum annual increase is $38 per year or $3.17 per month.

• Prop. A: Estimated Amount of Bonds to be authorized: Principal $73,570,000 + Interest $28,822,410 = $102,392,410

• Prop B: Estimated Amount of Bonds to be authorized: Principal $16,090,000 + Interest $6,303,555 = $22,393,555

Existing Debt Service

• Principal of City’s Outstanding Debt (as of August 12, 2021) - $92,880,000

• Remaining interest on City’s Existing Outstanding Debt (as of August 12, 2021) - $35,765,325

• Combined Principal and Interest to timely pay City’s Existing Outstanding Debt (as of August 12, 2021) - $128,645,325