The Lake Highlands Public Improvement District was created in 2008 and started operating on January 1, 2009. The Lake Highlands PID consists of approximately 1,108 property accounts and is a combination of business, residential, public and light industrial uses. The PID serves to enhance public safety and security, design and construct public infrastructure improvements, provide pedestrian amenities and linkages and other services and activities approved by the Dallas City Council. The Lake Highlands Improvement District Corporation manages the PID.

The current PID term runs until December 31, 2022 with annual budget and assessment rate subject to a public hearing and City Council approval.