Page 102 - Southlake FY23 Budget

CITY PROFILE

SaleS tax reVenue analySiS

GENERAL FUND COMMUNITY ENHANCEMENT & DEVELOPMENT CORPORATION
SOUTHLAKE PARKS DEVELOPMENT CORPORATION CRIME CONTROL & PREVENTION DISTRICT
$45,000,000

$40,000,000

$35,000,000

$30,000,000 $19,715,165 $19,908,000
$18,598,638
$25,000,000
DOLLARS $20,000,000 $14,111,661 $15,104,616 $15,660,985

$15,000,000 $6,851,800 $7,350,000 $7,423,500
$5,707,414 $5,734,078 $5,858,223
$10,000,000
$9,249,931 $9,800,000 $9,898,000
$5,000,000 $7,705,009 $7,741,005 $7,908,601

$1,923,567 $1,898,389 $1,921,480 $2,814,078 $2,400,000 $2,424,000
$-
2018 2019 2020 2021 2022* 2023**
FISCAL YEAR
Warning Trend: *Unaudited
Decreasing sales tax collection FY 2018-2023 **Proposed 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 $37,514,447
2022* $39,265,165
2023** $39,653,500

BUDGET BOOK | FY 2023 City of Southlake 101
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