Amarillo's debt per capita lowest in Texas - KSWO, Lawton, OK- Wichita Falls, TX: News, Weather, Sports. ABC, 24/7, Telemundo -

Amarillo's debt per capita lowest in Texas

Posted: Updated:

 

AMARILLO - Amarillo is doing better than the rest of the state when it comes to debt. That's according to new data released Tuesday by the state comptroller's office 

Amarillo is the only major city in Texas with a debt per capita less than $1,000 and city leaders expect that amount to keep falling. 

Amarillo's debt per capita is only $982. Compared to more than $7,000 in San Antonio, more than $4,000 in Lubbock, and more than $2,000 in El Paso.

"It's us being fiscally responsible and careful about how we spend every penny," Amarillo Mayor Paul Harpole said.

Harpole wanted to make clear the data doesn't include debt tied to property tax, which is about $30 million, but says that's still very low and something to be proud of.

"It's extremely low," he said. "Lower than any other city of our size in the state of Texas and most other states."

But it's not just the responsibility of city leaders that's kept this data looking so good. Amarillo hospitals don't contribute any debt to the city.

"We have two private companies that run the hospitals out here and with a strong area medical, regional group, we just don't carry debt like that," Vice President of Amarillo National Bank Patrick Ware said.

The airport is another factor to the low debt. Built on an existing airbase, Amarillo never accrued much debt to build it or keep it up. One of many fiscally responsible moves Ware attributes to past and present city leaders.

"We've got to really be proud of the prudence our city commission has shown over the last 20 years, especially during the recession," Ware said. "That wasn't the time to issue any debt and I think that's really going to help us in the next ten years when the economy does start to improve." 

Another huge factor in Amarillo's low debt is that the city has one of five Texas cities with a triple a bond rating meaning lower rates that save taxpayers thousands of dollars.

 

  • Local NewsLocal NewsMore>>

  • SkyWARN 7 Forecast

    SkyWARN 7 Forecast

    Thursday, April 17 2014 4:38 AM EDT2014-04-17 08:38:07 GMT
    What a nice end to the work week with sunshine, south winds and temperatures ranging through the 70s and even some low 80s out near the Texas panhandle.  For this evening expect temperatures to fall through
    A Cold Front Brings a Chance for Showers Today. 
  • Sideswiped car slams into U-Haul truck

    Sideswiped car slams into U-Haul truck

    Thursday, April 17 2014 12:12 AM EDT2014-04-17 04:12:34 GMT
    LAWTON, Okla._ A car slammed into a parked U-Haul truck in Lawton Wednesday after being sideswiped by another car changing lanes.  Police said the driver of an SUV was changing lanes at the corner of
    A car slammed into a parked U-Haul truck in Lawton Wednesday after being sideswiped by another car changing lanes.
  • Man arrested in Lawton in connection with twisted murder plot

    Man arrested in Lawton in connection with twisted murder plot

    Thursday, April 17 2014 12:07 AM EDT2014-04-17 04:07:05 GMT
    LAWTON, Okla._ A man who is charged with first-degree murder in connection with the burning death of a Blanchard man back in January was arrested in Lawton Wednesday evening. LPD officers, along with
    A man who is charged with first-degree murder in connection with the burning death of a Blanchard man back in January was arrested in Lawton Wednesday evening.
Powered by WorldNow
KSWO-TV, 1401 SE 60th Street
Lawton, OK 73501

Telephone: (580) 355-7000
Fax: (580) 357-3811
Email: news@kswo.com

All content © Copyright 2000 - 2014 Worldnow and KSWO. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.