| When you vote on a bond issue and it is passed, the County Treasurer is the paying agent until retirement of the debt.
Bond indebtedness for Gila County schools and improvement districts for fiscal year 2006/2007 is $8,571,887.51.
A tax levy is set each year to meet the payment that is due on each bond issue. This is called a "Debt Service Account".
As Treasurer, we collect the taxes and pay the money due to the holder of the bonds.
We file reports with the Internal Revenue Service quarterly and annually on each bond issue.
On your tax bill if your district passed a bond, you will see it listed on your tax bill under "Debt Service". | |