Page 35 - CityofSouthlakeFY26AdoptedBudget

Figure 11

Budget Overview
Hotel Occupancy Tax Collection Trend
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Hotel Opening Dates:
June 2007: Hilton Southlake Town Square November 2020 - Delta Hotel Dallas - Southlake
December 2016 - Cambria Hotel Southlake DFW North November 2021 - The Westin Dallas - Southlake

better align with projected consumption trends. The budget also includes a solid waste pass through
residential rate increase of 4.4%, a Trinity River Authority (TRA) blended pass through rate increase of
10% (wastewater), and a 6% pass through increase from the City of Fort Worth (water).

Other significant service fees include development and permit related fees. For this fiscal year,
development and permit fees are estimated to generate $1,519,600, a 7.5% increase from the prior year
adopted budget. This revenue estimate is based on a number of factors. First, actual collections in the
prior year outpaced projections which resulted in more conservative projections in revenue in the prior
year. We are also estimating a projected issuance of 40 residential building permits during the fiscal
year, which is a slight reduction to prior year projections; however, the average price per residential
permit has increased in the last year. Additionally, as redevelopment has been occurring, fees tied to
permits for that work are also driving a projected increase in revenue. When considering this overall,
the main driver of the projected increase is the impact of conservative projections when compared to
actual for the prior year.

For additional information regarding the City’s revenues, please reference the subsequent sections of
this budget document.

FY 2026 City of Southlake | Budget Book 35