Annual 2023-2024 Budget

The Finance Department develops and manages the Town's budgeting system and provides financial information to external users and internal teams. This information is used to monitor the expenditure of taxpayer dollars and public funds and ensure that the Town's financial transactions are conducted following statutory and contractual requirements and Town policies.

The Fiscal Year 2023-2024 Annual Budget is based on Tax Year 2023 expected revenue. The Town of Little Elm contracts with the Denton County Tax Assessor to calculate the Town's tax rates. For Fiscal Year 2023-2024, the following rates were calculated used by the Town to produce its budget. Read an explanation of how rates were calculated. 

View the FY 2022-2023 Adopted Budget 

Notice of Tax Rate


2023 No-New-Revenue Rate


2023 Maintenance & Operation No-New-Revenue Tax Rate


2023 Maintenance & Operation Voter-Approval Tax Rate


2023 Debt Service Rate


2023 Voter-Approval Rate


2023 Annual Tax Rate


The estimated unencumbered fund balances for FY2023 are in compliance with the Town's adopted financial standards and are as follows:

Type of Property Tax Fund                                                          Fund Balance

General Fund                                                                                   $39,604,600

Special Revenue Funds                                                                    $2,569,216

General Debt Service Fund                                                               $1,778,852

Governmental Capital Projects Funds                                           $31,926,972

Enterprise Operating Funds                                                            $23,980,467

Enterprise Capital Projects Funds                                                   $9,094,060

Internal Service Funds                                                                       $5,336,433

The Town of Little Elm will pay $11,457,436 in debt service during the Fiscal Year 2023-2024. The Town’s Debt Obligations are as follows: 

Description of DebtPrincipal or Contract Amount to Be Paid From Property TaxesInterest to Be Paid From Property TaxesOther Amounts to Be PaidTotal Payments
SERIES 2014 GO-REF $4.5M140,000.00
2012 GO REF BONDS- $6.985M170,000.005,100.001,000.00176,100.00
G0 REF SERIES 2012A200,000.0017,243.001,000.00218,243.00
CO SERIES 2013-$6M295,000.00110,175.00
CO SERIES 2013-$3M150,000.0064,175.001,000.00215,175.00
2015 CO $9.66M440,000.00197,588.001,000.00638,588.00
2016 REF GO-$6.72M695,000.0050,869.001,000.00746,869.00
2018 CO $15.46M510,000.00383,856.001,000.00894,856.00
2019 REF GO725,00000152,000.001,000.00858,876.00
2019 CO $ PRIN255,000.00198,425.001,000.00454,425.00
2020 GO REF-$5.72M540,000.0042,444.00
2020 CO-$4.085M170,000.0082,650.001,000.00253,650.00
2021 CO PRIN-$15M490,000.00406,119.001,000.00897.119.00
2022 CO $10M285,000.00363,775.001,000.00649,775.00
TIF AGREEMENTS           0           0                     0944,067.00


The anticipated collection rate for Fiscal Year 2023-2024 is 100 percent, and the amount for debt service to be collected by taxes for Fiscal Year has been decreased by $1,093,487 because of excess debt collection from July 1 through June 30 of the previous year. 

Tax Rate & Budget Information

The fiscal year budget is adopted by Town Council in September along with the tax rate. For questions related to the annual budget, the Finance Department can be reached at:

Finance Department
Town of Little Elm
100 W. Eldorado Parkway
Little Elm, TX 75068

The Town of Little Elm is in Denton County, which maintains a database of Property Tax Related Information.

View the Town's Annual Budget and the most recent Comprehensive Annual Financial Report.


FY 2022FY 2023FY 2024 AnnualAmount Change% Change

Tax Rate (per $100)




Annual Recurring Budget Amount


Property Tax Rate for Maintenance & Operation (per $100)



Property Tax Revenue Budgeted for Maintenance & Operation



Property Tax Rate for Debt Service (per $100)



Property Tax Revenue Budgeted for Debt Service