Douglas County’s total debt as of the end of 2018 is $14.3 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 to road improvements ($1.6 m) and open space/parks ($12.0 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 CDOT and GOCO. The Hwy 85/C470 flyover, Ridgegate Road, and Greenland Ranch are all excellent examples of leveraging these dollars. GOCO has provided almost $40.1 million in grants to Douglas County since 1995
In 2016 the County entered a lease agreement to finance the acquisition of 400 portable radios for the sheriff’s department. This lease agreement qualifies as a capital lease and has been recorded as a debt in the amount of the present value of future minimum lease payments ($735,150). The estimated useful life of the radios is 5 years and the lease will be paid in four annual installments with the last payment being made in 2020.
In March 2017, Fitch Ratings (a national rating agency) affirmed the Douglas County long-term issuer default rating of AA+ with a stable outlook. In their press release they note the following factors as affecting their assessment:
- Douglas County’s notable expenditure flexibility.
- Douglas County’s low long-term liability burden.
- Strong financial resilience and budget management practices.
Douglas County has no general obligation debt and no outstanding certificates of participation.