Adopted FY 2023 Budget

What's ahead for FY 2023? More tax relief, cash-funded capital projects, and more investments into your family's safety and security and into our multi-year plans to make Southlake the best it can be.

The Adopted FY 2023 Budget Includes:

  • A property tax rate of $0.3600, the fourth consecutive reduction and the lowest rate since the mid-1980s,
  • A homestead exemption of 20%, the maximum allowed by law,
  • Allocations that ensure the highest levels of safety and security for Southlake schools and for people who live, work or visit the City of Southlake,
  • Investments into our City’s future through capital projects like a new vision for the Southlake Sports Complex and important updates to our drainage, water, and wastewater systems to keep them at top standards,
  • Funding that delivers high-quality service for ongoing programs that advance the City's strategic goals and meet customer expectations, 
  • And enhanced mobility through expanded and improved roadways and sidewalks to better connect Southlake.
FY 23 Adopted Budget Cover Page

Budget Document

There are several ways to read through the document. Click on the front page image to read it in its entirety, or click on the individual chapters listed below. The transmittal letter offers readers an overview of the proposed budget. In addition to the letter, the links offer fund-by-fund spending summaries, an in-depth look at the Capital Improvement Program, an overview of how each department works towards its goals, and a guide to the City's strategic direction. Questions about the document or anything in it? Contact us and let us know.

Important Dates for FY 24 Budget

  • August 15, 2023: Strategic Investments and Capital Improvement Program - City Council Meeting 
  • September 5, 2023: Proposed FY 2023 budget first reading and public hearing - City Council Meeting
  • September 30, 2023: Proposed FY 2023 budget second reading and public hearing - City Council Meeting 
  • September 30, 2023: End of FY 2023  
  • October 1, 2023: Beginning of FY 2024

Questions? 

Call us at (817) 748-8400 Monday - Friday, 8:00 am - 5:00 pm.