The City of Georgetown is asking the public to share their comments on the proposed budget for fiscal year 2023 via an online comment box, which will be open until August 21. Members of the public can also attend one of the public hearings through the budget adoption process. . Public comments and feedback will be provided to city council for its Aug. 23 meeting, where council is scheduled to hold public hearings and first readings of the tax rate and budget.

“It’s important to have community input in the budget process,” City Manager David Morgan said. “I hope residents will visit our website to learn more and share their feedback, so that we can fund programs and services that meet their needs and priorities. »

Georgetown’s city budget affects every resident of the city. How the City allocates taxpayer dollars and monthly costs to utility customers determines the level of service customers get in exchange for City functions, such as providing electricity, drinking water, resources to respond to emergencies, well-maintained streets, a world-class library, and accessible trails.

The proposed budget totals $722 million and reduces the City’s property tax rate by 2.7 cents (from 40.1 cents per $100 assessment to 37.4 cents). The proposed rate is lower than the voter approval rate set by the state and can only increase by 3.5% on the operations and maintenance portion of the tax rate.

This is the third consecutive year the city has proposed to reduce the property tax rate, keeping the city’s rate among the lowest of any Austin-area city with a population over 20,000. The council also recently voted to increase the homestead exemption to the higher of $5,000 or 5%. Lowering the rate to 37.4 cents per $100 of assessment and taking into account the increase in the homestead exemption, the average property tax bill would increase by $56.

As a result of cost recovery analyzes across multiple departments and a study of water and wastewater rates, Georgetown residents and customers can expect multiple user fees and water and sewage rates are also rising.

“The U.S. Census named Georgetown the fastest growing city in the nation last year,” Morgan said. “With this growth comes increasing demand and expectations for our services and staff. Our primary focus for next year’s budget is to maintain these service levels while responding to this record growth, as well as national economic pressures. The proposed budget for next year continues our usual practices of prudent budgeting and taking steps to reduce the burden on taxpayers wherever possible.

City staff used council’s goals to develop a draft version of next year’s budget, which council discussed at a July 19 workshop. Staff used board guidance from the workshop to develop the proposed budget. The City’s fiscal year runs from October 1, 2022 to September 30, 2023.

The main themes of the proposed budget are maintaining service levels in the face of record growth and responding to national economic pressure while executing studies and projects launched this year, addressing staff workload pressures, improving risk management practices and responding to a tight labor market. through retention and attraction efforts. Adequate funding for these priorities, in particular building the infrastructure needed to keep pace with growth, respond to development pressures, and retain and recruit high caliber employees, contributed to the proposed budget being $239.5 million to the original adopted budget for the current fiscal year of $483 million. .

For more information on the annual budget process and details and documents on the proposed budget for fiscal year 2023, visit finance.georgetown.org.

Budget adoption timetable

July 19: Board budget workshops

August 9: First presentation of the full budget; City council sets maximum tax rate and public hearing dates

21st of August : Comments on the closure of the draft budget (see online form)

August 23: Public hearings and first reading of tax rate and budget

September 13: Second reading and final adoption of the tax rate and budget

October 1st : A new fiscal year begins and new water and wastewater rates are in effect

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