Page 310 - CityofSouthlakeFY26AdoptedBudget

The Relationship Between Property Taxpayers and
Debt Repayment

At 29.5 cents for every one hundred dollars of valuation, the City of Southlake’s property tax rate
supports basic city services such as public safety, street maintenance, library and community services. It
also helps pay off the debt that’s been incurred for city infrastructure such as new roadway construction
and expansion.
Figure 4 illustrates how the City has worked toward the goal of reducing debt. The green portions
show that since 2016, the City has reduced the amount of property taxes which are dedicated to debt
repayment while still providing desired services. Taxpayers, specifically homeowners, should be aware
of the conscious effort to relieve the amount of property tax monies that are going towards debt. This
Debt Service
effort represents one of the City’s most important budget commitments.

Since 1994, the City has put voter-authorized sales tax dollars to work on the upkeep and construction
of Southlake’s beautiful parks system. The sales tax monies help with the initial cash payments that
jump-start many of our big projects. In 1998, another portion of sales tax, also voter-authorized, was
put to work for the construction of our public safety buildings. All of that debt was retired in 2017.
Recently, the City incurred more sales tax supported debt to construct Phase 2 of the Marq, known
as Champions Club. However, it is important to note that this debt is being repaid through a 3/8 cent
allocation of sales tax, a voter-authorized use that was approved in 2015. The bronze colored portion
of the bar shows how the two current sales tax district monies (SPDC and CEDC) are paying off the
balance of projects like Bicentennial Park and Champions Club.

Finally, the portion in tan illustrates the debt that is being paid off by the City’s specialized funds like
the Utility Fund and Southlake’s Tax Incremental Reinvestment Zone (TIRZ #1). The TIRZ #1 is located
primarily in Southlake Town Square and is based on commercial property taxes. This debt was retired
in 2018.
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Figure 4 Southlake’s Debt per Capita
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Ψϳ͕ϬϬϬ
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Ψϲ͕ϬϬϬ
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Ψϱ͕ϬϬϬ ΨϮ͕ϰϭϵ
Ψϭ͕ϲϲϮ
Ψϲ͕ϬϬϬ
Ψϭ͕ϵϮϳ
Ψϰ͕ϬϬϬ Ψϭ͕ϰϬϳ
Ψϭ͕ϴϬϬ
Ψϱ͕ϬϬϬ ΨϮ͕ϰϭϵ Ψϭ͕Ϯϴϳ
Ψϭ͕ϲϲϮ
Ψϯ͕ϬϬϬ Ψϭ͕ϰϲϰ ΨϮ͕ϲϰϱ Ψϭ͕ϭϭϭ Ψϭ͕ϬϬϬ Ψϴϳϳ
Ψϭ͕Ϯϰϵ ΨϮ͕ϰϮϵ Ψϭ͕ϵϮϳ Ψϭ͕ϭϵϬ Ψϭ͕Ϯϵϱ
Ψϰ͕ϬϬϬ Ψϭ͕ϰϬϳ
ΨϮ͕ϭϯϴ
Ψϭ͕Ϯϴϳ
ΨϮ͕ϬϬϬ Ψϭ͕ϵϳϰ Ψϭ͕ϯϵϲ
Ψϭ͕ϭϭϭ
Ψϯ͕ϬϬϬ Ψϭ͕ϰϲϰ ΨϮ͕ϲϰϱ Ψϭ͕ϳϲϱ Ψϭ͕ϱϵϬ Ψϭ͕ϮϮϭ Ψϭ͕ϬϲϮ Ψϴϳϳ
Ψϭ͕ϬϬϬ
ΨϮ͕ϯϰϬ Ψϭ͕Ϯϰϵ ΨϮ͕ϰϮϵ Ψϭ͕ϭϵϬ Ψϭ͕Ϯϵϱ
Ψϭ͕ϬϬϬ ΨϮ͕Ϭϭϵ
Ψϭ͕ϳϬϲ
Ψϭ͕ϰϰϵ ΨϮ͕ϭϯϴ
ΨϮ͕ϬϬϬ Ψϭ͕ϭϲϬ ΨϵϮϯ ΨϳϳϮ ΨϵϮϯ Ψϭ͕ϭϳϵ Ψϵϱϰ Ψϭ͕Ϭϱϴ Ψϭ͕ϯϵϲ
Ψϭ͕ϵϳϰ
Ψϭ͕ϳϲϱ Ψϭ͕ϱϵϬ
ΨͲ Ψϭ͕ϮϮϭ Ψϭ͕ϬϲϮ
ϮϬϭϲ ϮϬϭϳ ϮϬϭϴ ϮϬϭϵ ϮϬϮϬ ϮϬϮϭ ϮϬϮϮ ϮϬϮϯ ϮϬϮϰ ϮϬϮϱΎ ϮϬϮϲΎΎ
ΨϮ͕ϯϰϬ
Ψϭ͕ϬϬϬ ΨϮ͕Ϭϭϵ
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Ψϭ͕ϳϬϲ
Ψϭ͕ϰϰϵ
Ψϭ͕ϭϲϬ ΨϵϮϯ ΨϳϳϮ ΨϵϮϯ Ψϭ͕ϭϳϵ Ψϵϱϰ Ψϭ͕Ϭϱϴ
ΨͲ
310 FY 2026 City of Southlake | Budget Book FY 2026 City of Southlake | Budget Book 311
ϮϬϭϲ ϮϬϭϳ ϮϬϭϴ ϮϬϭϵ ϮϬϮϬ ϮϬϮϭ ϮϬϮϮ ϮϬϮϯ ϮϬϮϰ ϮϬϮϱΎ ϮϬϮϲΎΎ
Ύ >> d dK ddZ/ hd dK d, d y /E Z D Ed > Z /Es ^dD Ed KE ;d/ZͿ t ^ Z d/Z /E ϮϬϭϴ͘