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    • Financial Summary

    Since 1997, voters have authorized $1.52 billion in bonds. As of December 31, 2020, Pima County had sold all but 1 percent of the bonds over 29 individual sales. The remaining General Obligation bond authorization was sold on February 1, 2017. A portion of the County’s share of Highway User Revenue Funds are used to repay the transportation bond debt, sewer fees are used to repay the sewer debt, and secondary property taxes are used to pay off the General Obligation bonds that fund the remainder of projects. Pima County bonds are sold with no more than a 15-year payback term. Pima County’s conservative approach to debt management is reflected in its superior credit ratings and low interest rates. 

    Bond Sales (As of December 31, 2020)

     

    Bonds

    		 Total Total Bond Remaining  
    Authorization Sales Authorization Percent
    (Millions) (Millions) (Millions) Remaining
    1997 General Obligation $ 257.0 $ 257.0 $  0.0 0%
    1997 Sewer Revenue $ 105.0 $ 105.0 $  0.0 0%
    1997 HURF Revenue $ 350.0 $ 333.6 $ 16.4 5%
    2004 General Obligation $ 582.2 $ 582.2 $  0.0 0%
    2004 Sewer Revenue $ 150.0 $ 150.0 $  0.0 0%
    2006 General Obligation $ 54.0 $ 54.0 $  0.0 0%
    2014 General Obligation $ 22.0 $ 22.0 $ 0.0 0%
    Total $1,520.2 $1,503.8 $16.4 1%

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    Pima County Bonds

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