Page 108 - Southlake FY22 Budget

CITY PrOFILE

sales Tax revenue analysis

CRIME CONTROL & PREVENTION DISTRICT SOUTHLAKE PARKS DEVELOPMENT CORPORATION
COMMUNITY ENHANCEMENT & DEVELOPMENT CORPORATION GENERAL FUND
$35,000,000

$30,000,000

$25,000,000 $16,405,450
$15,660,985 $16,166,000
$15,104,616
$13,732,007 $14,111,661
$20,000,000
DOLLARS

$15,000,000
$5,613,663 $5,707,414 $5,734,078 $5,858,223 $5,930,500 $6,006,255
$10,000,000

$7,578,446 $7,705,009 $7,741,005 $7,908,601 $8,020,000 $8,140,300
$5,000,000

$1,879,292 $1,923,567 $1,898,389 $1,921,480 $1,970,000 $1,999,550
$-
2017 2018 2019 2020 2021* 2022**
FISCAL YEAR
Warning Trend: FY 2017-2022 *Unaudited
Decreasing sales tax collection **Adopted Budget

This chart illustrates growth characteristics in the City’s commercial and economic bases. In 1994, voters authorized an
additional half-cent sales tax designation to support parks development (Southlake Parks Development Corporation)
and in 1998, voters authorized an additional half-cent sales tax designation to support crime prevention (Crime Control
& Prevention District). A third sales tax district (Community Enhancement & Development Corporation) was voter-
approved in 2015 to support the construction and operation of The Marq Southlake as well as strategic economic
development efforts.

Fiscal Year Amount
2011 $18,159,527
2012 $19,229,026
2013 $21,771,064
2014 $25,674,008
2015 $29,116,146
2016 $28,023,224
2017 $28,803,408
2018 $29,447,651
2019 $30,478,088
2020 $31,349,289
2021* $32,086,500
2022** $32,551,555

BUDGET BOOK | FY 2022 City of Southlake 107
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