Page 126 - Southlake FY24 Budget

Property Tax Supported Long-Term Debt as a
% of Assessed Valuation Comparison

OUTSTANDING PROPERTY TAX SUPPORTED DEBT DEBT AS % OF ASSESSED VALUATION
3.00% $700,000,000
Desired Range

$600,000,000
2.50%
2.34%
$500,000,000
2.00% 1.81%
1.79%
City Profile
$400,000,000 DOLLARS
PERCENTAGE OF VALUATION 1.00% 0.73% 0.95% 0.97% 1.00% 1.13% 1.17% 1.20% $300,000,000
1.42%
1.50%
1.36%

$200,000,000

0.50% 0.42% 0.66% 0.70% $100,000,000
0.27%
0.13%
0.00% 0.01%
0.00% $-

FY 2023
Warning Trend: Increasing net long-term debt as a 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 Assessed Long-Term Assessed
City City
Debt Valuation Debt Valuation
Allen $119,955,000 $18,112,966,469 Grapevine $13,101,524 $10,438,758,327
Arlington $640,830,000 $35,743,713,630 Hurst $55,050,000 $3,886,137,314
Bedford $67,135,000 $5,715,698,269 Keller $53,620,192 $5,646,152,868
Carrollton $184,710,000 $19,462,787,852 McKinney $352,040,000 $31,201,144,469
Colleyville $769,010 $6,847,833,610 North Richland Hills $132,287,985 $7,332,302,762
Coppell $70,400,000 $9,620,904,721 Plano $518,930,000 $51,983,494,209
Euless $81,547,165 $6,001,564,674 Richardson $475,690,000 $20,336,992,100
Farmers Branch $56,779,128 $8,066,208,989 University Park $- $9,574,034,497
Flower Mound $55,391,879 $13,127,365,829 Southlake $32,934,796 $12,177,275,938
Frisco $506,390,000 $42,364,091,660

126 FY 2024 City of Southlake | Budget Book