Local sales tax allocations for Georgetown have seen substantial increases over the past few scal years. Reported distributions are delayed two months from the time of sale.
The city of Georgetown receives 2% of all sales tax revenue generated by businesses operating within its boundaries from the state each month. Here is the breakdown of where those funds go in Georgetown. GEORGETOWN 1% general operating purposes 0.5% transportation improvements
$5M
+20.5%
$4M
$3M
$2M
0.25% street maintenance
$1M
0.125% Georgetown Economic Development Corp. 0.125% property tax relief SOURCE: CITY OF GEORGETOWNCOMMUNITY IMPACT
0
Oct. 2017- Sept. 2018
Oct. 2022
Oct. 2018- Sept. 2019
Oct. 2019- Sept. 2020 Fiscal year
Oct. 2020- Sept. 2021
Oct. 2021- Sept. 2022
SOURCE: TEXAS COMPTROLLER OF PUBLIC ACCOUNTSCOMMUNITY IMPACT
Loralee St. John, owner of The Golf Ranch, said unlike standard retail or the food ser- vice industry, she thinks the golf industry boomed. “I think because people had more free time, they wanted to be outside, they wanted to be safe, so coincidentally golf became a popular activity,” St. John said. Similarly, Kunz said many people took up crafting during the pandemic. “People wanted to keep their hands busy,” Kunz said. “Knitting is a great way to not only stimulate but also relax your mind.” Jane Estes, co-owner of Lark & Owl Booksellers said the book industry as a whole did well, but being a small business and not having “next-day shipping” com- pelled them to restructure
their daily operations. “We had to rebuild our busi- ness structure three dierent times within that two-year period,” Estes said. Additionally, the city of Georgetown and the George- town Chamber of Com- merce partnered to provide $200,000 in grants to 67 local small businesses, and Wil- liamson County’s Wilco For- ward Small Business Grant Program issued 3,509 grants, totaling more than $33.2 mil- lion. These programs were coupled with state and federal aid, including the Paycheck Protection Program. Wilks said because of the support she received from the city and the PPP, she was able to keep her doors open and pay employees while she was closed in March and April 2020.
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Of the city of Georgetown’s projected $100.03 million in general fund revenue for scal year 2022-23, $28.47 million is from sales tax. The next single largest portion comes from property taxes. Revenue resources
local business owners are hopeful this holiday season yields similar results. “We did amazing last Christ- mas, and I hope to do it again this year,” Wilks said. “We have had some changes in our price points over the past few years, but my loyal customers have been very supportive.” Staying in business Georgetown retailers who stayed in business through- out the pandemic said they survived because of their industries, work ethic and customers. “It was a hard time for everyone,” Kunz said. “Some industries were hit worse than others, but we really were all in it together. I am very lucky to still be here.”
Sales taxes: $28.47 million
Other: $25.56 million
Property taxes: $17.13 million
Fees: $8.34 million
Franchise taxes: $6.73 million
Interlocal agreement revenue: $5.7 million
Permits: $5.37 million
Administrative charges: $2.73 million
SOURCE: CITY OF GEORGETOWNCOMMUNITY IMPACT
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