Page 2 - CityofSouthlakeFY25AdoptedBudget

CITY OF SOUTHLAKE, TEXAS

Fiscal Year 2024 - 2025

This adopted budget would raise more revenue from property taxes
than last year’s budget by an amount of $378,890 which is a 1.31 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 $533,244

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

FOR: Mayor Shawn McCaskill
Randy Williamson
Kathy Talley
Frances Scharli
Amy Torres-Lepp

ABSENT: Randy Robbins
Ronell Smith

Property Tax Rate Comparison

2024 - 2025 2023-2024
Property Tax Rate: $0.305000/100 $0.319000/100
No-New Revenue Tax Rate: $0.305956/100 $0.3193750/100
No-New-Revenue Maintenance & Operations Tax Rate: $0.254600/100 $0.263385/100
Voter-Approval Tax Rate: $0.385397/100 $0.456923/100
Debt Rate: $0.055000/100 $0.055000/100