Douglas County’s total debt as of the end of 2020 is $6.0 million (interest included). Click on Debt Summary to view a spreadsheet summarizing our current outstanding debt.
The County’s current revenue bond debt is dedicated for open space/parks ($6.0 m). These are special revenue obligations secured by pledged revenues from voter approved sales and use tax. We have leveraged this debt by using it to gain funding from partners, such as GOCO. GOCO has provided almost $40.1 million in grants to Douglas County since 1995.
In October 2019, Standard and Poors (a national rating agency) raised the long-term rating on the Douglas County Sales Tax bonds from AA- to AA with a stable outlook. Key considerations in the rating include:
- Douglas County’s strong to very strong economic base.
- Douglas County’s low revenue volatility.
- Very strong maximum annual debt service coverage.
Douglas County has no general obligation debt and no outstanding certificates of participation.