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ChatGPTClaudePerplexitySummary City debt · Part 4
The bill: what Amarillo pays each year on its debt
Amarillo Ledger ·
A plain-language summary of records on this site. Every figure is on the linked pages, with its source.
Borrowing is the easy part. Here's the bill.
On debt Amarillo already owes, the City has to pay $58.6 million in principal and interest this fiscal year. Over the life of that debt, $190.4 million of what residents pay is interest alone. The last scheduled payment is in 2054.
The biggest share of this year's payments, $26.9 million, comes from water and sewer revenue. Property taxes cover $21.5 million and drainage fees $4.1 million. So when the City explains a rate increase with "debt service," this is the debt it means.
And those figures only cover debt on the books as of Sept. 30, 2025. Since then the City has borrowed $46.9 million more for fleet vehicles, fire trucks, a water and sewer project, streets and park improvements. That adds to every year ahead.
The full payment schedule, year by year: amarilloledger.com/debt
