Page 2 - Southlake FY22 Budget

Filed September 29, 2022
Tarrant County Clerk's Office
City of Southlake, Texas Mary Louise Nicholson
Tarrant County Clerk
Fiscal Year 2022

This budget will raise more revenue from property taxes than last year’s budget by an amount of
$597,843, which is a 1.9 percent increase from last year’s budget. The property tax revenue to be
raised from new property added to the tax roll this year is $605,503.

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

FOR: Mayor John Huffman
Place 1 Kathy Talley
Place 2 Randy Robbins
Place 3 Chad Patton
Place 4 Ronell Smith
Place 5 Amy Torres-Lepp
Place 6 Randy Williamson

Property Tax Rate Comparison
Fiscal Year 2022 Fiscal Year 2021
Adopted Property Tax Rate: $0.390000/100 $0.405000/100
No New Revenue Tax Rate: $0.397114/100 $0.422415/100
No New Revenue Maintenance &
Operations Tax Rate: $0.320358/100 $0.335300/100
Voter Approval Tax Rate: $0.435175/100 $0.437520/100
Debt Rate: $0.065000/100 $0.075000/100

Total debt obligation for City of Southlake, Texas secured by property taxes: $24,528,447

Fiscal Year 2022 Principal and Interest requirements for Debt Service are: $5,326,632