Latest FY 2021 News

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…

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%…