Page 129 - CityofSouthlakeFY26AdoptedBudget

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

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Warning Trend: Increasing net long-term debt as a percentage of assessed valuation
Long-term debt Assessed valuation

This chart shows the debt issued by Southlake that is supported by property tax revenues relative to
the total assessed valuation. Credit industry benchmarks state debt exceeding ten percent of assessed
valuation as well as increasing long-term debt as a percentage of assessed valuation are warning signals.
Neither of these trends are reflected in this chart which shows that the property tax supported long-
term debt as a percentage of assessed valuation has been falling since 2003 and remains well below the
ten percent benchmark. The City has established its own target of two percent or below, as outlined in
the Financial Principles section of the Appendix, and since 2007, our debt as a percentage of assessed
valuation has been at or below two percent.
Debt as % Debt as %
Long-Term Assessed Long-Term Assessed
Fiscal Year of Assessed Fiscal Year of Assessed
Debt Valuation Debt Valuation
Valuation Valuation
2003 $108,251,208 $3,590,810,881 3.01% 2015 $75,779,902 $6,760,119,917 1.12%
2004 $104,384,962 $3,737,260,696 2.79% 2016 $67,555,109 $7,322,599,520 0.92%
2005 $92,345,898 $3,913,240,543 2.36% 2017 $59,439,993 $8,269,475,160 0.72%
2006 $86,977,885 $4,207,074,169 2.07% 2018 $50,477,189 $8,743,046,226 0.58%
2007 $91,759,026 $4,593,954,505 2.00% 2019 $43,475,681 $9,810,068,614 0.44%
2008 $87,122,650 $5,088,802,161 1.71% 2020 $36,272,575 $10,526,366,088 0.34%
2009 $88,846,144 $5,582,058,197 1.46% 2021 $28,784,272 $10,714,248,031 0.27%
2010 $93,169,077 $6,252,920,129 1.49% 2022 $24,528,447 $11,138,315,427 0.22%
2011 $93,402,615 $6,178,132,589 1.51% 2023 $29,497,940 $12,177,275,938 0.24%
2012 $95,940,907 $6,226,088,861 1.49% 2024 $38,547,405 $13,974,849,859 0.28%
2013 $87,681,533 $6,442,291,913 1.37% 2025 $31,573,989 $14,910,066,581 0.21%
2014 $79,129,909 $6,653,765,251 1.19% 2026 $35,218,552 $15,477,730,411 0.23%
FY 2026 City of Southlake | Budget Book 129