Georgetown City Council adopts $437.9 million budget, maintains tax rate

Georgetown City Council adopted its fiscal year 2019-20 budget Sept. 24.

Georgetown City Council adopted its fiscal year 2019-20 budget Sept. 24.

Georgetown City Council unanimously adopted a $437.9 million budget for fiscal year 2019-20 during its Sept. 24 meeting.

The city anticipates a revenue of $75.48 million coming from a combination of sales tax, property tax, sanitation revenues, and fees, among other sources, according to city documents.

The budget also plans for $75.35 million in expenses which fund administrative services, city council and city departments, among other needs, according to city documents.

The property tax rate remained $0.420000, the same rate the council adopted for FY 2018-19.

While the property tax remains the same, homeowners will likely pay higher taxes.

A homeowner with an existing average taxable homestead value of $285,357 will pay approximately $30 more in taxes than in the previous year, according to city documents. The total tax bill for an average existing home in Georgetown will be $1,198, compared to the 2018 average tax bill of $1,168, city documents state.

The average existing taxable homestead value grew 2.6% in 2019, city documents state.

The budget also accounts for additional employees including six police officers, one code enforcement employee and three fire service employees.

FY 2019-20 begins Oct. 1

In other business:

  • The council nominated Harry Gibbs, Charles Chadwell and Rufus Honeycutt to the Williamson Central Appraisal District board of directors. The WCAD appraises residential and commercial properties within the city limits.

By Ali Linan
Ali Linan began covering Georgetown for Community Impact Newspaper in 2018. Her reporting focuses on education and Williamson County. Ali hails from El Paso and graduated from Syracuse University in 2017.


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