Georgetown just dropped a huge $1.3 billion budget, but don't sweat it – they're keeping property taxes super low, the lowest in the Austin area. So, your wallet should be feeling pretty good about this one.
At a glance
Stable — consistent level of discussion. 4 mentions in the last 30 days, 7 the 60 before, 5 the 90 before that.
The positive financial report suggests the corporation is managing its funds effectively, which could impact future project funding.
The efficient use of funds benefits the corporation's ability to fund future projects and maintain services.
Some apartment residents may see an increase in their monthly utility bills, though discussions focused on the system-wide benefit.
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The council held a public hearing and approved ordinances related to special assessments for the Bluffview Public Improvement District, including the issuance of bonds. This impacts property owners within the PID.
The Transportation Enhancement Corporation reviewed its financial performance for the first quarter of fiscal year 2026. This includes looking at revenue sources like sales taxes and interest income, as well as major expense categories like Capital Improvement Projects.
The council reviewed and discussed adjustments to the current fiscal year's budget, impacting various city funds and projects. These changes reflect updated revenue projections and project costs.
The city is reviewing its budget partway through the fiscal year to account for unexpected costs, project changes, and new revenue opportunities. This ensures funds are allocated effectively for city services and projects.
The city's financial performance in the first quarter of FY26 was reviewed, showing mixed results across different funds. Understanding these trends helps assess the city's fiscal stability and ability to fund services.
The City Secretary received a 5% salary increase, combining market and merit components.
The city is facing rising costs for its water utility, primarily due to infrastructure debt and water supply contracts. Adjustments to financial policies may be needed to ensure the utility remains financially sound while keeping rates affordable for customers.
The council approved several purchases for the electric utility and public works, including bucket trucks, a mini excavator, and firefighter gear, totaling over $1.6 million. These investments are for maintaining and upgrading city services.
The city is preparing its legislative priorities for the 2027 Texas Legislative Session. This involves discussing interim charges from the legislature and developing potential bills that align with the city's goals.
The board reviewed proposed changes to the street lighting service fee, including a move to a flat monthly fee for all customers to reflect the system-wide benefit of streetlights.
The Main Street Advisory Board is planning its fundraising strategies and updating its annual work plan for 2026. This involves brainstorming new ideas for merchandise and events to support downtown initiatives and setting future goals.
The corporation's financial performance for the fourth quarter of Fiscal Year 2025 was reviewed, showing revenues exceeding budget. This indicates sound financial management.
The Economic Development Corporation reviewed its financial performance for the last quarter of fiscal year 2025. Revenues came in higher than expected, mainly due to strong sales tax collections.
The council passed a second reading of an ordinance amending the FY2026 budget for capital projects, ensuring funds are allocated correctly based on project timing.
The board reviewed potential changes to the ordinance governing municipal street lighting service fees. This could affect how street lighting costs are allocated and billed.
The council approved the first reading of an ordinance to amend the municipal street lighting service fee, which could affect utility bills.
Georgetown adopts $1.3B budget with lowest property tax rate in Austin metro KVUE