Page 195 - CityofSouthlakeFY26AdoptedBudget

Department Goal: Achieve the City’s goals by implementing the Southlake Comprehensive Plan, and
more specifically, the Economic Development and Tourism Master Plans.

Implementation Strategy:
• Develop an annual work plan that implements comprehensive plan recommendations, establishes
outcomes, defines timelines, and demonstrates success in implementation. City Department Overview

Performance Measures

FY 2023 FY 2024 FY 2025 FY 2026
Performance Measure
Actuals Actuals Projection Target

Local Unemployment Rate 3.4% 3.9% 3.7% 4.0%

Southlake Retail Occupancy Rate 96.1% 96.9% 97.7% 95.0%

Southlake Office Occupancy Rate 79.9% 81.6% 83.7% 85.0%

Consumer Sales - Sales Tax (One Cent) 7.7% -6.7% 4.0% 2.0%
Percentage Increase (year-over-year)

FY 2026 City of Southlake | Budget Book 195