FY 2016

For FY 2016, the City of Southlake is proposing a $87 million dollar budget. It is strategically aligned to the City's goals of providing homeowner tax relief, reducing debt, and following the City Council established multi-year financial plan. Here are the ways it will be put to work for you:
  • Tax rate remains steady at 46 cents for the 13th straight year
  • Homestead exemption increased to 12%
  • Decreased property tax debt burden for the fifth
    straight year
  • Second straight year of no new property tax supported debt.
  • Voter approved funding to support the Phase 2 construction of The Marq Southlake
  • The Marq Southlake - completion of Phase 1 and the start of Phase 2
  • Implementation of the Southlake master plans as part of the Southlake 2030 comprehensive plan
  • Balanced budget
The City Manager's transmittal letter is a high-level overview of the proposed budget. In it you will find the proposed unchanged tax rate; how focused purchases will advance the City's commitment to improved roads and mobility, The Marq Southlake, and the Southlake 2030 comprehensive plan. We invite you to read it and ask us questions.

For more detailed information, please take a look at the sections below which offer fund by fund summaries, an in-depth look at the Capital Improvement Program, and the City's strategic direction.

Table of Contents
Introduction Strategic Initiative Fund
Transmittal Letter Economic Development Investment Fund
Budget 101 Utility Fund Expenditures
City Profile Vehicle Replacement Fund
Strategic Direction Debt Services
Fund Summaries Special Revenue Funds
Overview of City Departments Capital Improvement Program
General Fund Expenditures Appendix

Important Dates
Public Hearing for FY 2016 tax rate: August 18, 2015, and September 1, 2015

Proposed FY 2016 budget first reading: September 1, 2015

Proposed FY 2016 budget second reading: September 15, 2015

Beginning of FY 2016: October 1, 2015

End of FY 2016 Fiscal Year: September 30, 2016