Page 33 - CityofSouthlakeFY25AdoptedBudget

Figure 15

Total Tax Bill for Average Residential
Property in Southlake
Budget Overview
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and crime control initiatives. Self supporting debt is another resource used to implement the Capital
Improvements Program. Town Square developers have estimated that 70% of sales in Town Square are to
patrons living outside the city, and these imported taxpayers, if you will, are helping to construct Southlake’s
infrastructure development.

To learn more about the City’s strategic use of debt, see the Debt Service Fund section of this document.

Capital Improvement Program
Each year, the City of Southlake identifies funding for a multi-year Capital Improvement Program (CIP). The
CIP is a tool used for planning and financial management, designed to coordinate the location, timing and
financing of capital improvements over a five-year period.

Capital improvements refer to major expenditures for things like land, buildings, and public infrastructure,
identified for the purpose of advancing the City’s strategic and comprehensive plans.

The goals of Southlake’s capital project planning efforts include:

• Ensure timely construction of and/or repair of infrastructure to effectively meet ongoing community
needs, as defined by the City’s strategic and comprehensive plans;
• Establish a methodical approach to public infrastructure funding and construction to eliminate
unanticipated, poorly planned, or unnecessary capital expenditures and to avoid sharp increases in tax
rates, user fees, or debt; and,
• Align public projects with community growth patterns and development, as defined by the City’s
comprehensive plans.

Preparation of the City’s annual budget and the CIP are closely linked. As part of the operating budget,
financial resources are identified and allocated in accordance with established guiding principles shown
in Figure 16. The current five-year implementation plan, identifying specific projects, funding sources, and

FY 2025 City of Southlake | Budget Book 33