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Latest budget News

A graphic showing a landscaped suburban neighborhood on the left and workers fixing a fire hydrant on the right. Text reads "FY 2026 Adopted Budget" with a stylized "S" logo in the top right corner.
Sep 18, 2025

Southlake City Council Adopts FY 2026 Budget

Balanced Finances, Strong Services, and the Lowest Tax Rate in Nearly Four Decades
Large upscale houses with varied architecture sit behind a manicured lawn, next to a small pond with rocks and a stone tower structure under a blue sky with scattered clouds.
Aug 28, 2025

FY 2026 Budget: Built for Strategic Impact and Service Excellence

Learn more about the proposed FY 2026 Budget.
People relax in a park with green bushes and trees. Some are sitting on benches, others are walking or talking. A large red-brick building with columns is visible in the background.
Aug 28, 2025

Following the Dollars: How Fund Accounting Keeps Southlake’s Budget on Track

Learn more about how the City of Southlake's budget is broken down.
A couple walks along a paved path beside a calm pond with a fountain, surrounded by green grass, trees, and homes under a clear blue sky.
Jan 28, 2025

Southlake Earns Distinguished Budget Award for Strategic and Transparent Planning

Southlake earns GFOA Award for FY 2024 Budget, highlighting strategic and responsible financial planning.
Photo of a city building
Sep 30, 2024

Southlake City Council Approves FY 2025 Budget Focusing on Tax Relief, Safety, and More

The FY 2025 Budget has officially been approved. Learn more about what you can expect the City to be prioritizing in the coming year.
FY 2022 Budget Approved with image of fountain
Sep 24, 2021

City Council Approves City Budget for FY 2022

During the meeting September 21, the Southlake City Council approved the budget for FY 2022. The new budget year starts October 1, 2021.  The proposed operating budget totals $104.6 million and includes a 1.5 cent tax rate decrease, reducing the total rate to $0.390. The tax rate reduction means a revenue reduction to the City of $1.23 million.  Southlake’s 20%…
What's in the FY 2022 Budget
Aug 17, 2021

City Delivers Tax Relief for Residents and Businesses in the FY 2022 Budget

The proposed FY 2022 Budget has been submitted by City Manager Shana Yelverton to the City Council for consideration. The proposed operating budget totals $104.6 million and includes a 1.5 cent tax rate decrease, reducing the total rate to $0.390. The tax rate reduction means a revenue reduction to the City of $1.23 million. Southlake’s…
All About the Budget
Aug 5, 2021

Why Should I Care About the Budget?

Want to see an upgrade to the library, recreation programs or your neighborhood sidewalks and parks? The City’s budget funds everyday services such as fire response, police protection, drinking water, wastewater and streets to go from place to place. But the budget also goes beyond basic services to support the quality of life for those…
Town Hall with text: how we manage debt
Sep 4, 2020

How the City of Southlake Manages Debt

To help pay for a community’s essential services or build facilities for your enjoyment, cities sometimes borrow money. Just like you might take out a loan to pay for your home, the City of Southlake might accrue debt for capital projects. Issuing bonds allows the City to spread the cost over several years. However, we…
front of Town Square and fountain with text FY 2021 Proposed Budget
Aug 18, 2020

Tax Relief for Residents and Businesses is the Star of the FY 2021 Budget

The proposed FY 2021 Budget has been submitted by City Manager Shana Yelverton to the City Council for consideration. The proposed budget totals $105.2 million and includes a ½ cent debt tax rate decrease, reducing the total rate to $0.405. The tax rate reduction means a revenue reduction to the City of $388,500. Southlake’s 20%…