Page 2 - Southlake FY20 Budget

Filed September 29, 2022
Tarrant County Clerk's Office

Mary Louise Nicholson
City of Southlake, Texas Tarrant County Clerk
Fiscal Year 2020

This budget will raise less revenue from property taxes than last year's budget by an amount of
$716,549 which is a 2.2 percent decrease from last year's budget. The property tax revenue to be
raised from new property added to the tax roll this year is $1,448,098.

The members of the governing body voted on the budget as follows:

FOR: Mayor Laura Hill
Place 1 Shahid Shafi
Place 2 Shawn McCaskill
Place 3 Chad Patton
Place 4 Randy Williamson
Place 5 John Huffman
Place 6 Christopher Archer

Property Tax Rate Comparison
Fiscal Year 2020 Fiscal Year 2019
Adopted Property Tax Rate: $0.410000/100 $0.447000/100
Effective Tax Rate: $0.421665/100 $0.441648/100
Effective Maintenance & Operations Tax Rate: $0.336707/100 $0.328493/100
Rollback Tax Rate: $0.473772/100 $0.449177/100
Debt Rate: $0.080000/100 $0.090000/100

Total debt obligation for City of Southlake, Texas secured by property taxes: $36,272,575

Fiscal Year 2020 Principal and Interest requirements for Debt Service are: $7,748,690