Page 101 - Southlake FY24 Budget

Sales Tax Revenue Analysis FY 2019-2024

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

$40,000,000

$35,000,000

$21,047,369
$30,000,000 $19,908,000 $19,908,000
$18,598,638
$25,000,000
DOLLARS $20,000,000 $15,104,616 $15,660,985

$7,859,995
$15,000,000 $6,851,800 $7,423,500 $7,423,500
$5,734,078 $5,858,223
$10,000,000
$9,249,931 $10,610,993 $9,898,000 $9,898,000
$5,000,000 $7,741,005 $7,908,601

$- $1,898,389 $1,921,480 $2,814,078 $2,567,974 $2,424,000 $2,424,000
2019 2020 2021 2022 2023* 2024**
FISCAL YEAR
*Unaudited **Adopted Budget

Warning Trend: Decreasing sales tax collection

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 Fiscal Year Amount
2011 $18,159,527 2018 $29,447,651
2012 $19,229,026 2019 $30,478,088
2013 $21,771,064 2020 $31,349,289
2014 $25,674,008 2021 $37,514,447
2015 $29,116,146 2022 $42,086,331
2016 $28,023,224 2023* $39,653,500
2017 $28,803,408 2024** $39,653,500

FY 2024 City of Southlake | Budget Book 101