Page 123 - CityofSouthlakeFY27Budget

TABLE OF CONTENTS

SALES TAX REVENUE ANALYSIS FY 2021 - 2026

This chart illustrates growth characteristics in the City’s commercial and economic bases. In 1994, voters
authorized an additional half-cent sales tax designation to support parks development (Southlake Parks
Development Corporation) and in 1998, voters authorized an additional half-cent sales tax designation
to support crime prevention (Crime Control & Prevention District). A third sales tax district (Community
Enhancement & Development Corporation) was voter-approved in 2015 to support the construction City Profile
and operation of The Marq Southlake as well as strategic economic development efforts.

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*Actual **Amended Budget
Warning Trend: Decreasing sales tax collection

Fiscal Year Amount Fiscal Year Amount
2012 $19,229,026 2020 $31,349,289
2013 $21,771,064 2021 $37,514,447
2014 $25,674,008 2022 $42,086,331
2015 $29,116,146 2023 $45,731,162
2016 $28,023,224 2024 $42,438,197
2017 $28,803,408 2025* $43,300,653
2018 $29,447,651 2026** $48,204,802
2019 $30,478,088

FY 2027 City of Southlake | Budget Book 123