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Red Poppy Capital of Texas
Fiscal Year 2016 BUDGET
and Five-Year Capital Improvement Plan
In accordance with the passage of S.B. No 656, Local Government Code, Sec. 102.007, was amended to require that an
adopted municipal budget must contain a cover page that includes the following information:
This budget will raise more revenue from property taxes than last year’s
budget by an amount of $2,196,028, which is a 10.6% increase from last
year’s budget. The property tax revenue to be raised from new property
added to the tax roll this year is $882,823.
The Georgetown City Council adopted this budget during it’s regularly scheduled Council meeting on September 8, 2015.
The record vote by each councilmember for the FY2016 Adopted Budget went as follows:
For: District 1: Councilmember Eby District 3: Councilmember Hesser
District 4: Councilmember Fought District 5: Councilmember Gipson
District 6: Councilmember Jonrowe District 7: Councilmember Gonzalez
Against: None
Present and not voting: None
Absent: District 2: Councilmember Brainard
Tax Rate Comparison for the municipal property tax rates for the
City of Georgetown are as follows:
FY2015 FY2016
Property Tax Rate: $0.43400 $0.43400
Effective Tax Rate: $0.41715 $0.42344
Effective Maintenance & Operations Tax Rate: $0.23108 $0.24404
Rollback Tax Rate: $.44222 $0.45152
Debt Rate: $.22684 $0.22662
FY2016 City of Georgetown Annual Budget
The total amount of municipal debt obligation for the City of Georgetown secured by property taxes: $129,954,919.