Outstanding Debt

As of September 30, 2021, the City has approximately $848,784,317 in outstanding principal of which $391,650,778 is governmental debt and $457,133,539 is enterprise debt. Included in the governmental debt is $4,200,000 for the Tampa Sports Authority (TSA) Special Purpose Bonds, Series 1995 for which certain funds have been pledged for the payment of debt service.

Approximately 52% or $437,340,976 of the City’s outstanding debt is due between fiscal years 2022 and 2031, 18% or $149,553,341 is due within fiscal years 2032 and 2041, and the remaining 31% or $257,690,000 of the outstanding debt is due within fiscal years 2042 and 2054 (Excludes TSA outstanding principal amount of $4,200,000).

To view the Principal Debt Composition schedule for Outstanding Governmental Debt, click here.

To view the Principal Debt Composition schedule for Outstanding Enterprise Debt, click here.

Governmental Debt

The outstanding governmental debt includes $305,031,878 in revenue bonds and $86,618,900 in notes.

The City anticipates issuing the non-ad valorem Revenue Note, Series 2021, Non-Ad Valorem Revenue Bonds, Series 2021, and Special Assessment Revenue Bonds, Series 2021 within the next year. Please refer to the “Recent and Anticipated Issuances” section for additional details.

The Non-Ad Valorem Note (LOC), Series 2016 final amount is due September 2021; however, the lender has offered to extend the maturity date to March 1, 2022. The City intends to refinance the note with the Non-Ad Valorem Revenue Bonds, Series 2021.

Enterprise Debt

The outstanding enterprise debt includes $437,810,000 in revenue bonds and $19,323,539 in state revolving loans.

The City anticipates issuing the Water and Wastewater System Revenue Bonds, Series 2021 within the next year. Please refer to the “Recent and Anticipated Issuances” section for additional details.

On August 2016, the City entered into a State of Florida Revolving Fund Loan Agreement (SRF# 7) for the Water and Wastewater Systems in the principal amount not to exceed $18,472,180. The City has received to date $7,795,572 for projects completed. The final reimbursement request submitted to FDEP on June 2021 in the amount of $4,399,830 is still pending reimbursement and is not included in the outstanding debt.