Skip navigation
Glenn Hegar
Texas Comptroller of Public Accounts
Glenn Hegar
Texas Comptroller of Public Accounts
Glenn Hegar
Texas Comptroller of Public Accounts

DEBT AT A GLANCE

Select from the menus above to see more detailed information on specific entities.

LAKE JACKSON

In 2019, Lake Jackson had a population of 27,220 and a debt per capita of $1,833. Below you will find informative data that shines light on the government’s debt levels and allows greater insight into its public finances. All datapoints are downloadable for further analysis.

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

Transparency Stars


Lake Jackson is a Transparency Stars recipient.

Awardees are recognized by the Comptroller for achieving continued excellence in their public financial transparency efforts. More information here.


OUTSTANDING GENERAL OBLIGATION DEBT

General obligation (GO) debt is generated from issuing bonds secured by a local government’s ad valorem taxing power, which are issued following a bond election. This type of financing vehicle is typically best suited for major capital projects where the local government believes that it is important to allow the voters to have the opportunity to pass upon the project.

*Click the legend above to show/hide series

Source: Texas Bond Review Board, City GO & Rev Debt Outstanding and Consumer Price Index for All Urban Consumers (CPI-U)

Notes: General obligation (GO) debt data is presented as the principal outstanding. For interest outstanding and total debt service outstanding, as well as revenue supported debt and lease purchase debt for each entity, please visit the Texas Open Data Portal.


OUTSTANDING GENERAL OBLIGATION DEBT PER CAPITA

This graph shows the outstanding GO debt per capita for the past 10 years. In 2019, the GO debt amounted to around $1,833 per capita.

*Click the legend above to show/hide series

Source: Texas Bond Review Board, City GO & Rev Debt Outstanding, U.S. Bureau of the Census, Annual Estimates of the Resident Population for Incorporated Places in Texas, and Consumer Price Index for All Urban Consumers (CPI-U)

Notes: General obligation (GO) debt data is presented as the principal outstanding. For interest outstanding and total debt service outstanding, as well as revenue supported debt and lease purchase debt for each entity, please visit the Texas Open Data Portal.


CERTIFICATES OF OBLIGATION

Certificates of obligation provide local governments with flexibility when they need to finance projects quickly, as with reconstruction after a disaster or as a response to a court decision requiring capital spending. Unlike issuing GO bonds, this form of borrowing does not require voter approval.

Take a look at the Comptroller's Fiscal Note that highlights this flexible funding tool for local projects.

*Click the legend above to show/hide series

Source: Texas Bond Review Board, Local Issuance Data and U.S. Bureau of Labor Statistics, Consumer Price Index for All Urban Consumers (CPI-U)


BONDS

Used to finance public projects such as roads, schools, airports and seaports, and infrastructure-related repairs, bonds are an important financial tool for local governments.

Authorized but unissued debt includes bond projects authorized by voted bond propositions, but tax bonds have not yet been issued.

A capital appreciation bond (CAB) is another debt instrument used to fund capital projects. Unlike conventional bonds, where principal and interest payments are made in installments, CABs require no payments of any kind until maturity.

Take a look at the Comptroller’s Fiscal Note that further explains CABs as a finance option for local governments.

*Click the legend above to show/hide series


SALES TAX

Local taxing jurisdictions may impose sales and use tax up to 2 percent. All sales tax rates for a specific area may be found on the Sales Tax Rate Locator.

Source: Texas Comptroller of Public Accounts, City Sales and Use Tax

Fiscal Year 2019:

1.5%

PROPERTY TAX

Property taxes are the primary source of government revenue in Texas. Local governments can levy a property tax by adopting a tax rate on the value of the property.

Explore and compare property tax data for counties, cities and school districts.

Source: Texas Comptroller of Public Accounts, City Rates and Levies

Calendar Year 2019
(Per $100 Valuation):

$0.3482


COMPARISONS

These graphs show how Lake Jackson compares against the similarly populated entities in total debt outstanding and debt outstanding per capita.

Source: Texas Bond Review Board, City GO & Rev Debt Outstanding and U.S. Bureau of the Census, Annual Estimates of the Resident Population for Incorporated Places in Texas


To learn more about where the money goes, please visit our State Revenue and Expenditures Dashboard.

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

Contact the entity directly to access their Comprehensive Annual Financial Report.

If you have any questions, please contact us or call 844-519-5676.

HB855 Browser Statement

In 2015, the Texas Legislature passed House Bill 855, which requires state agencies to publish a list of the three most commonly used Web browsers on their websites. The Texas Comptroller’s most commonly used Web browsers are Google Chrome, Microsoft Internet Explorer and Apple Safari.

We support: