Georgetown breaks $3M in sales tax revenue in June despite coronavirus pandemic

Georgetown reached $3 million in sales tax revenue in June despite coronavirus pandemic. (Ali Linan/Community Impact Newspaper)
Georgetown reached $3 million in sales tax revenue in June despite coronavirus pandemic. (Ali Linan/Community Impact Newspaper)

Georgetown reached $3 million in sales tax revenue in June despite coronavirus pandemic. (Ali Linan/Community Impact Newspaper)

Georgetown continues to rake in sales tax revenue despite the coronavirus pandemic forcing business to change how they operate, reduce capacity or even close.

According to data released in August by the Texas comptroller of public accounts, Georgetown saw a 22.88% year-over-year increase in sales tax revenue generated in June. City officials had initially projected to see an 8% decrease in June.

The total revenue generated in June was nearly $3.18 million, per the report. In June 2019, sales tax revenue was $2.59 million. This is an increase of $585,094 from May. It is also the first time the city broke $3 million in sales tax revenue in June since at least 2012, data shows.

Georgetown’s May projections too defied projections, when the city saw an 11.64% increase in sales tax revenue generated. City officials had also initially projected to see an 8% decrease in May.

Sales tax revenue funds about 8.4% of the city’s budget.


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