Debt management is a key financial principle that guides the development of Southlake’s budget every year. This approach supports a financial strategy that will allow the City to retire 94% of the current tax-supported debt in 10 years.
Each year the budget includes a five-year capital improvement program (CIP), delineating construction projects designed to implement Southlake 2030 and Southlake 2035.
In Southlake, safety and security are two of the City’s highest strategic priorities and new investments are proposed within the FY 2019 budget to advance a number of safety goals.
The proposed budget totals $103.6 million dollars and includes a proposed tax rate of .447¢, a reduction of 1.5 cents over the previous year.