Sulayman BowlesIndependent research / Texas
← Texas Infrastructure Ownership Atlas

Selected toll-road research / reviewed 2026-10-22

Harris County toll-road enterprise

County roads, public control, and a county enterprise fund.

Explore on map ↗

Ownership & control

01 / Public title & project rights

The asset and the business are different claims.

Harris County public project interests; special intergovernmental arrangements such as Katy Managed Lanes require their own title analysis.

Scope of this record

Harris County toll-road enterprise, including Sam Houston, Hardy and Harris County portions of Westpark and other facilities.

public project interestHarris County

Public project / financial interest; see title qualification

Snapshot 2026-10-22PDF p25, Note 1 ↗
operatorHarris County Toll Road Enterprise Fund / HCTRA

Public operator

Snapshot 2026-10-22PDF p25, Note 1 ↗
creditor claimBondholders (creditor class; individual holders unverified)

Debt creditors; revenue security does not confer road title

Snapshot 2026-10-22Debt notes; individual holders not verified ↗
billingHarris County Toll Road Enterprise Fund / HCTRA

EZ TAG collection

Snapshot 2026-10-22Note 1 ↗

Financial record

County toll-road revenue/tax bonds and commercial paper. Revenues support the enterprise and permitted county transportation transfers.

Reported net toll revenue$1.03BPeriod ended 2025-09-30
Operating revenue$1.03BPeriod ended 2025-09-30
Operating expense$542.67MPeriod ended 2025-09-30
Debt carrying amount$3.14BPeriod ended 2025-09-30
Recorded financial observations · USD · scope: Harris County Toll Road Enterprise Fund / HCTRA
Metric / period endReported valueBasis & evidence
Reported net toll revenue2025-09-30$1,027,573,290audited accrual; entity perimeter retainedPDF p23 ↗
Operating revenue2025-09-30$1,027,573,290audited accrual; entity perimeter retainedPDF p23 ↗
Operating expense2025-09-30$542,673,604audited accrual; entity perimeter retainedPDF p23 ↗
Debt carrying amount2025-09-30$3,142,855,398audited bond carrying amount plus commercial paper; not face principalPDF p36, Note 6; bonds plus commercial paper ↗
Reported net toll revenueNominal USD; each bar starts at zero. Fiscal periods differ across entities.
2023
$896.35MPDF p23 ↗
2024
$874.47MPDF p23 ↗
2025
$1.03BPDF p23 ↗

Public audited carrying values and rounded sponsor-reported project debt use different definitions. No statewide total, leverage ranking or return estimate is calculated.

Historical changes

No active private-concession expiry is assigned to this public record. A debt maturity is a different event.

    No historical changes have been verified for this profile in this release.

    Evidence for this profile (2 records)
    1. Harris County Toll Road Enterprise Fund FY2025 financial report ↗

      Reviewed 2026-10-22 · Prior primary-document extraction rechecked; original PDF could not be refreshed in this session
    2. TxDOT FY2025 audited financial report ↗

      Note 20, public-public arrangements and concession accounting

      Reviewed 2026-10-21 · Carried forward from published primary-source extraction

    Geography: Region anchor is an editorial locator. It is not a facility coordinate, alignment or asset boundary. Reviewed 2026-10-22. Source dates and financial periods are stated separately.