transparency Debt at a Glance

DAAG - City Corsicana

City of Corsicana

Pop. 23,825

% Change Population, 2009-2018

0.0% Corsicana +16.9% Texas

Source: U.S. Census Bureau

Corsicana in Navarro County was home to 23,825 Texans in 2018. Its residents had a median income of $38,100 in 2016.

The data on this page is provided as of the date indicated and may not reflect debt, population or other data as of any subsequent date. In addition, the debt is shown for the city only, and not for other political subdivisions that may have outstanding debt, taxing powers, and the same boundaries as the city. Debt of a controlled non-profit corporation is included as debt of its sponsoring city, even if non-recourse. See other explanations.

For more information on the types of debt, refer to our Debt Glossary.

Current Debt Obligations

Debt Outstanding Corsicana, Texas as of August 31, 2018

the table lists the type of debt and amount
Type of Debt Amount
Tax Supported Debt $43,450,000  
Revenue Supported Debt $0  
Lease-Purchase Obligations $0 

Source: Texas Bond Review Board

CABs Outstanding for Corsicana, as of August 31, 2018

No data available.

Source: Texas Bond Review Board

Sales Tax Rate in Fiscal Year 2018
$0.015000


Property Tax Rate in Calendar Year 2018
$0.627200
(Per $100 Valuation)

How Corsicana Compares

Tax-Supported Debt Outstanding for Cities of Similar Size, as of August 31, 2018

a list of cities of similar population and their debt
City Name Tax Supported Debt Outstanding Tax Supported Debt Outstanding Per Capita Population
Denison   $50,490,000   $2,010   25,118  
Paris   $57,375,000   $2,310   24,839  
Watauga   $28,520,000   $1,161   24,555  
San Benito   $23,340,000   $957   24,385  
Saginaw   $34,900,000   $1,462   23,871  
Corsicana   $43,450,000   $1,824   23,825  
Kerrville   $52,765,000   $2,224   23,729  
Forney   $55,550,000   $2,341   23,727  
Benbrook   $6,810,000   $289   23,566  
Marshall   $11,477,000   $497   23,091  

Source: Texas Bond Review Board, U.S. Census Bureau
Note: The table includes Corsicana and nine cities with closest population numbers based on 2018 U.S. Census Bureau population data. Tax-supported debt does not include revenue debt and lease-purchase obligations. For cities with municipal gas and/or electric utilities, regional airports, or other capital assets not common to cities generally, Tax-Supported Outstanding Debt may include debt for infrastructure that in other cities is carried by private enterprises, a public facility corporation or not at all.

Certificates of Obligation Issuances

Source: Texas Bond Review Board
Note: Amounts are estimates and have not been adjusted for inflation or population growth. The Bond Review Board has reconciled Certificates of Obligation issuances from 2003 through 2018.

To learn more about the finances of public pension plans that may operate in this jurisdiction, please visit our public pension search tool.

Tax-Supported Debt per Capita
changed by +0.0%
from 2009 to 2018.

Corsicana Tax-Supported Debt Per Capita Outstanding at Fiscal Year End: 10-Year Trend

Sources: Texas Bond Review Board, U.S. Census Bureau, Bureau of Labor Statistics
Note: Reflects debt in 2018 dollars divided by estimated population in the relevant year. Some debt issued before 2008 may not be reflected.

Authorized But Unissued Tax-Supported Debt

After voters approve tax-supported debt for a local entity in an election, the entity applies to the Attorney General (OAG) to approve issuance before debt is issued. Typically, the entity does not apply for the OAG to approve the total debt package at once, but rather over time so that it can manage the projects and reduce interest expense. Authorized but unissued tax-supported debt totals are the remaining voter approved tax-supported debt that the entity has not issued yet and may be issued in the future.

No data available.

Source: Texas Bond Review Board
Note: Reflects authorized but unissued tax-supported debt as of August 31, 2018. Some debt authorized prior to 2003 but still unissued may not be reflected.

An Introduction to Understanding

Comprehensive Annual Financial Reports

When you’re ready to learn about a public entity’s fiscal health, you’ll find a great deal of information in comprehensive annual financial reports (CAFRs) and other yearly reports. Often posted online alongside other financial information, CAFRs report an entity’s accounting statements, debts and other key information for the past year.

But sometimes that information can be tricky to find – and tough to understand. Because of that, our office compiled some tips for locating an entity’s CAFRs and for understanding them. You’ll learn how all CAFRs have certain similarities and when and why different entities’ CAFRs will differ in key ways. Plus, we detail strategies for pinpointing the debt, expenditure and revenue information you need to hold a government entity accountable.

Note that the data in the following publications is presented as of the dates indicated in the publications and may not reflect debt, population or other data as of any subsequent date. For further or more current information, see the applicable entity’s web site or its most recent filings at Electronic Municipal Market Access (EMMA®). The Comptroller does not control or guarantee the accuracy, completeness, or currency of any such site. When you access any such site, you will be leaving the Comptroller’s website.

Read our Guide to Understanding Comprehensive Annual Reports (CAFRs)

Download 2018 city debt data. (XLSX)