Page 133 - Southlake FY22 Budget

CITY PrOFILE

PrOPerTy Tax suPPOrTed lOng-Term deBT as a % Of assessed valuaTiOn COmParisOn

OUTSTANDING PROPERTY TAX SUPPORTED DEBT DEBT AS % OF VALUATION
4.50% $700,000,000
Desired range
4.00% 3.93%
$600,000,000
3.50%
$500,000,000
3.00%
2.42%
2.50% 1.99% 2.07% 2.36% $400,000,000 DOLLARS
PERCENTAGE OF VALUATION 2.00% 1.13% 1.17% 1.30% 1.43% 1.50% 1.57% 1.64% $300,000,000

1.50%
$200,000,000
1.00%
0.60% 0.62% 0.96% 0.98% $100,000,000
0.50% 0.28%
0.00% 0.06%
0.00% $-

Warning Trend: Increasing net long-term debt as a FY 2021
percentage of assessed valuation

This chart shows a side by side comparison of long-term debt as a percentage of assessed valuation for Southlake
and its benchmark cities. This chart shows that Southlake’s property tax supported debt and debt as a percentage of
assessed valuation is moderate compared to our other benchmark cities.

Long-Term
City Long-Term Debt Assessed Valuation City Assessed Valuation
Debt
Allen $90,187,000 $14,960,000,000 Grapevine $196,154,410 $9,879,832,135
Arlington $617,335,000 $29,826,068,820 Hurst $46,311,921 $4,113,582,160
Bedford $192,448,948 $4,894,309,414 Keller $67,259,582 $5,171,412,567
Carrollton $251,248,875 $15,326,889,703 McKinney $350,335,312 $24,506,002,652
Colleyville $3,352,900 $5,966,966,320 North Richland Hills $157,584,482 $6,517,524,064
Coppell $76,210,000 $7,750,859,993 Plano $446,085,000 $46,655,192,273
Euless $77,388,483 $5,164,250,293 Richardson $382,670,326 $16,205,275,097
Farmers Branch $73,125,182 $6,251,427,895 University Park $- $8,370,507,902
Flower Mound $71,214,440 $11,511,503,457 Southlake $28,784,272 $10,301,814,156
Frisco $525,434,435 $33,502,901,950

132 FY 2022 City of Southlake | BUDGET BOOK
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