S&P Global Ratings assigned its 'AA' long-term rating to Waller County, Texas' anticipated $10 million series 2024 general obligation (GO) bonds. At the same time, S&P Global Ratings affirmed its 'AA' long-term rating on the county's GO debt and certificates of obligation outstanding. The outlook is stable. The bonds are payable from an ad valorem tax, levied on all taxable property in the county, within the limits prescribed by law. The maximum allowable ad valorem tax rate for Texas counties is 80 cents per $100 of assessed value (AV) for all purposes, with the portion dedicated to debt service limited to 40 cents. Waller County's levy is well below the maximum at 52.29 cents per $100 of AV, including 6.26
