In the report, the city brought in $3,889,049 in sales tax revenue in December—up from $3,214,650 the year prior—despite the coronavirus pandemic continuing to impact business capacity limitations.
The city has also seen significant sales tax growth since 2016, increasing by 70.23% over the five-year span, data shows.
Sales tax revenue funds about 8.4% of the city of Georgetown’s budget.
While city officials first predicted severe declines in generate revenue at the start of the pandemic in March, the worst-case scenario proved not to be the case in Georgetown.
Here is a breakdown.