Page 2 - CityofSouthlakeFY27Budget
P. 2
TABLE OF CONTENTS
City of Southlake, Texas
Fiscal Year 2026 - 2027
This budget will raise less revenue from property taxes than last year’s
budget by an amount of -$1,351,888, which is a -4.62 percent increase
from last year’s budget. The property tax revenue to be raised from
new property added to the tax roll this year is $244,368.
The members of the governing body voted on the budget as follows:
FOR: Mayor Shawn McCaskill:
Mayor Pro Tem Randy Robbins:
Deputy Mayor Pro Tem Austin Reynolds:
Councilmember: Gary Fawks
Councilmember: Frances Scharli
Councilmember: Chuck Taggart
Councilmember: Eric Wang
PROPERTY TAX RATE COMPARISON
2026 - 2027 2025 - 2026
Property Tax Rate: $0.290000/100 $0.295000/100
No-New Revenue Tax Rate: $0.301616/100 $0.274049/100
No-New-Revenue Maintenance & Operations Tax Rate: $0.248304/100 $0.222807/100
Voter-Approval Tax Rate: $0.377378/100 $0.364506/100
Debt Rate: $0.055000/100 $0.055000/100
Total debt obligation for City of Southlake, Texas secured by property taxes:
$6,746,791
The FY 2027 budget was adopted on September 15, 2026
Ordinance NO. 1302
