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.
Click the black arrow for more information.