The Treasury Division is responsible for managing the City’s investment portfolio in accordance with state law and the City’s investment policy. Fitch Ratings as awarded the City’s general investment portfolio its highest rating, AAA. The Treasury Division is also responsible for overseeing a debt program of approximately $14 billion. The City has multiple general obligation commercial paper programs with total authorization of $725 million. The current issuance capacity of the commercial paper program is $725 million which is supported by credit facilities or line credit. More ...
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The Treasury Division is responsible for managing the City’s investment portfolio in accordance with state law and the City’s investment policy.
Fitch has awarded the City’s general investment its highest portfolio rating, AAA.
The Treasury Division is also responsible for overseeing a debt program of approximately $14 billion. Read More ...
Debt Transparency Report
DECEMBER 2018 -- The 84th Legislature passed HB 1378 to increase the transparency of local government debt. Under Local Government Code §140.008, political subdivisions, including counties, cities, school districts, junior college districts, special purpose districts, and other subdivisions of state government must annually compile their debt obligation data from the preceding fiscal year. The City of Houston has posted its Debt Transparency Report that displays Houston’s individual outstanding debt obligations for General Obligation, Airport System, Consolidated Rental Car Special Facility, Special Facilities, Convention & Entertainment Facilities, and Combined Utility System. This report is dated as of June 30th 2019. Read the Debt Transparency Report (.pdf)
Why Purchase City Municipal Bonds?
Municipal bonds have been essential to Houston’s growth. I am not sure most of the people who back them—the taxpayers—know the true value of municipal bonds. In short, bonds have allowed the City of Houston to accommodate all the new citizens in our city, over a quarter million moving here from other U.S. towns and cities just in the last decade. Our public schools, streets, water system, sewer system, airports, mass transit and the many public amenities for citizens—parks, libraries, health clinics—are all made possible by tax revenue and bonds. And it’s been that way for most American cities for the past 100 years.