Outstanding Debt By Type
DEBT
as of June 30, 2021
General Obligation
A large part of Rock Hill’s long-term financial plan
3.1%
focuses on managing debt. The City uses fiscal prudence in the issuance and repayment of debt.
Tax Increment Financing 19.9%
Debt financing is typically issued for large-scale capital projects. These projects and funding are included in the annual capital improvement plan and are reviewed by the management team
Other Governemental
quarterly.
0.2%
The City's total outstanding debt as of June 30, 2021 is $433 million. Of that, about 66% is related to
Utility
Revenue
Bonds
issued
to
fund
Hospitality Tax 8.6%
various
capital projects related to the upkeep of our utility systems. 20% is related to TIF bonds mainly to fund infrastructure improvements to downtown Rock Hill Utility Revenue
and Riverwalk area, and 8.6% is related to limited obligation
bonds
repaid
through
hospitality
65.9%
tax
collections.
Total Debt Service By Year (Principal Only) 25
19.6
20
19.6
20.3
)snoilliM ni( sralloD
17.2 15
14.8
10
5
0
FY22
FY23
FY24
Tax-Increment Financing
Hospitality Tax Bonds
General Obligation Bonds
Utility Revenue Bonds
FY25
FY26 Stormwater Bonds
