Page 2 - Southlake FY24 Budget

Filed 09/25/2023 12:28:32 PM
Tarrant County Clerk's Office
Mary Louise Nicholson, County Clerk
City of Southlake, Texas

Fiscal Year 2023 - 2024

This proposed budget would raise more revenue from property taxes

than last year’s budget by an amount of $530,383, which is a 1.85

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 $653,296.

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

FOR: Mayor John Huffman
Kathy Talley
Randy Robbins
Shawn McCaskill
Ronell Smith
Randy Williamson

ABSENT: Amy Torres-Lepp

Property Tax Rate Comparison

2023-2024 2022-2023

Property Tax Rate: $0.319000/100 $ 0.360000/100

No-New Revenue Tax Rate: $0.319375/100 $ 0.364058/100
No-New-Revenue Maintenance & Operations Tax Rate: $0.263385/100 $ 0.300567/100
Voter-Approval Tax Rate: $0.380400/100 $ 0.456923/100

Debt Rate: $0.055000/100 $ 0.065000/100

The debt obligation for City of Southlake, Texas secured by property taxes: $6,749,639