Home | News | Ellis County Bond Interest hits $247,429,856

Ellis County Bond Interest hits $247,429,856

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JOEY DAUBEN

The Ellis County Press

ELLIS COUNTY – Ellis County cities have reached a total bonded indebtedness of $204,429,856, an average of $1,620 per county resident.

The 2009 population estimates are out, thanks to number crunchers at the North Central Texas Council of Governments in Arlington, which is the regional governing body for the 16-county Dallas Metroplex.

The figures were finalized on Jan. 1, but the bond package debt each city holds is comprised of data from the Texas Bond Review Board, which compiles debt numbers for local governments by law. Their figures represent Fiscal Year 2008, the most recent data available.

COG officials said the recession sits as the root cause for Dallas/Fort Worth’s area slowing population gains by less than 100,000 people for the first time in 13 years.

Though only estimations of population, COG numbers are routinely used by cities for annexation purposes.

For example, Waxahachie was the recent home-rule city (5,000 or more residents) to enlarge their annexation powers when COG announced the Ellis County seat’s 25,000 residents several years ago.

That 25,000 population threshhold allowed Waxahachie to annex two miles instead of the minimum mile spelled out in state law.

Red Oak’s use of estimated population figures before the 2000 Census called their home-rule charter in doubt when city officials claimed to have 5,000 residents, but when the final government figures were released, Red Oak had a population of about 4,800 in Fiscal Year 2000.


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