Page 83 - CityofSouthlakeFY26AdoptedBudget

FY 2026 Adopted Budget
Budget Basics
FY 2026 Adopted Budget - $137.7 Million

General Fund - $56.4 Million
Supports most basic city functions,
such operations as police, fire,
engineering, planning, finance and
administration.

Other Funds - $81.3 Million
These funds are restricted by law
on their use, and includes Utility
Fund, Hotel Occupancy Tax Fund,
sales tax funds, and all other special
revenue funds.

Figure 4

FY 2026 Budget Fast Facts

Structural Balance
The FY 2026 adopted budget is a structurally balanced budget while maintaining
alignment with our financial principles and without reducing service levels.

Taxpayer Relief
For FY 2026, the City of Southlake has adopted a $0.01 cent property tax decrease.
The tax rate decrease complements the exemptions adopted by Council, including
the 20% homestead exemption which is the maximum percentage allowed by
State law.

Optimum Fund Balances
Maintaining proper reserves increases the organization’s ability to absorb or
respond to temporary changes in the environment or circumstances, such as
an unanticipated event or changes related to operating revenues. This budget
provides for optimum fund balances in all funds.

AAA Bond Rating
The City of Southlake maintains a AAA bond rating from by Moody’s, Fitch Ratings
and Standard & Poor’s. This is the highest possible rating given to a credit. Not
only does it reinforce that the City has strong financial management tools, it also
allows for favorable borrowing conditions when the time is right.

FY 2026 City of Southlake | Budget Book 83