Page 58 - CityofSouthlakeFY26AdoptedBudget

ensure the City remains secure, resilient, and
capable of supporting modern service demands.
One new project is planned shown in the
expenditure highlights table.

Fund balance. The ending fund balance is The establishment of TIRZ #1 and
projected at $9,053,278, positioning the City the use of the captured revenues for
to continue making thoughtful, well-timed improvements in the District supports
technology investments in support of both day- the focus area of Infrastructure and
to-day operations and long-range strategic goals. Development and the strategic corporate
objectives of “Maintaining an environment
of future readiness by understanding
Budget Overview
Tax Increment Finance and acting upon the forces, trends, and
District Fund coming challenges affecting services.”

Tax Increment Reinvestment Zone (TIRZ) #1 or
the Tax Increment Finance (TIF) District was
created in 1997, with an effective beginning date TIF District Fund
of January 1, 1998. It was designed to encourage Expenditure Highlights
quality commercial development within the zone.
Personnel
In 2018, TIRZ #1 was extended for an additional Item Expenditure
twenty years. These tax dollars are restricted All Employees -
and may only be used for improvements or Pay Adjustment - 2% - 4%
Merit Performance-Based
maintenance of facilities within the TIRZ #1. The Adjustment
City of Southlake and Carroll Independent School
District (CISD) are partners in the TIRZ. Pay Adjustment Public Safety Market
– Maintain
Compensation Market Adjustments - 85th
The projects funded in this budget were identified Position Percentile (SROs)
in the TIRZ #1 Project & Financing Plan which
was adopted by the Board of Directors and City Health Insurance 5% rate increase
Council in August and September 2018 when the Community Enhancement
district was reauthorized and extended.
Town Square Street
Revenue highlights. Anticipated revenues for Maintenance & $304,000
the TIRZ #1 total $10,676,956, including interest Sidewalk Repair
income. Revenue projections include estimated Town Square
CISD zone participation based on a three-year Landscape & $150,000
average. Hardscape Upgrades
Town Square Street
Sweeping Services $5,500
Expenditure highlights. Total expenditures are Contract Increase
adopted at $10,401,059. These expenditures are CISD Facility
attributable to TIRZ #1 projects identified in the Maintenance - Roof
project and financing plan. Projects for FY 2026 Replacements $2,241,000
include funding for the School Resource Officer (Dawson, Eubanks &
program at schools located in TIRZ #1, funding Old Union)

58 FY 2026 City of Southlake | Budget Book FY 2026 City of Southlake | Budget Book 59