Georgetown Finance Department

Financial Summary

The following graphs and tables show five years of major sources of revenues and expenditures for the City. The data comes from the audited year-end actuals in the City’s  Annual Financial Report. Revenue trends show steady increases with the City’s population growth. In 2014, The City acquired the Chisholm Trail Special Utility District which added 7,500 new water customers and over 375 square miles of new service territory. Expenditures also generally trend upward with population growth; however, expenditures can vary significantly from year to year due to changes in the Capital Improvement Plan.

The City’s property tax rate is currently the lowest in Central Texas at 41.8 cents per $100 of assessed valuation. While the city’s property tax rate has hovered around 42 cents for the past five years, the revenue from property taxes have increased along with the increases in the assessed value of property. The City sales tax rate is 2%. Sales tax revenue has also increased over the five year period due to increases in population and tourism.

A major source of operational expenditure is the City’s personnel. Over the past five years, the City’s total number of personnel has increased by more than 80 full-time equivalent positions. The bulk of this increase is related to the acquisition of the Chisolm Trail water system, the establishment of Emergency Medical Services, and two new fire stations.

For more information about the City’s revenue and expenditures, click here to check out the Budget in Brief.


Revenues (Budgeted) 2019 2020 2021 2022 2023
Governmental Activities 65,045,841 66,155,886 124,481,661 171,004,,461 219,083,385
Business-type Activities 202,493,550 236,801,630 239,484,544 221,841,807 372,834,562
General Revenues 70,162,863 75,483,881 83,206,421 90,772,990 107,293,649
Total Revenues 337,702,254 378,441,397 447,172,646 483,619,258 699,211,596
Population 62,500 66,466 79,604 81,942 83,529
Per Capita Revenue 5,403 5694 5617 5902 8371


Expenses (Budgeted) 2019 2020 2021 2022 2023
Governmental Activities 143,478,949 157,084,212 266,339,275 258,649,923 329,466,029
Business-type Activities 210,770,310 280,849,867 326,061,509 224,138,780 393,410,315
Total Expenses 354,249,259 437,934,079 592,400,784 482,788,703 722,876,344
Population 62,500 66,466 79,604 81,942 83,529
Per Capita Expense 5,668 6,588 7,442 5,892 8,654

City of Georgetown, Texas

Full Time Equivalent City Government Employees By Function

Click here for a downloadable PDF of Position Control for FY 2019 – FY 2022.

Note: A full-time employee is scheduled to work 2,080 hours per year (including vacation and sick leave). Full-time equivalent employment is calculated by dividing total labor hours by 2,080.

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image: City of Georgetown Texas logo