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Latest Sales Tax News

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…
May 21, 2020

City Looking to Adjust 2020 and 2021 Fiscal Year Budgets Based on Revenue Projections

City of Southlake CFO Sharen Jackson provided a financial outlook during the May 19 City Council meeting. Just like other organizations around the world, COVID-19 has impacted the City’s finances and operations. Two key revenue streams for the City of Southlake have been significantly affected, sales tax and hotel occupancy tax, also known as HOT.…