Georgetown City Council Approves $879 Million FY 2025 Budget with Lower Property Taxes and Enhanced Public Services

Georgetown City Council Adopts FY 2025 Budget with Exciting Changes

In a lively meeting held on Tuesday, the Georgetown City Council made a significant move by adopting the Fiscal Year 2025 budget and setting the property tax rate for the upcoming year. The newly approved budget totals a whopping $879 million, marking a crucial step toward addressing the city’s rapid growth.

Property Tax Rate Decrease

One noteworthy highlight from the meeting was the city’s decision to lower the property tax rate to 36.47 cents per $100 valuation. This is a big win for homeowners, as the rate remains among the lowest of any city in the Austin area with a population exceeding 20,000. However, it’s important to note that residents can expect their average property tax bill to increase by approximately $32 due to rising property values.

Investments in the Future of Georgetown

Mayor Josh Schroeder took the opportunity to stress the impact of this new budget on Georgetown’s future. He emphasized, “In the next fiscal year, residents are going to see a continued investment in the future of Georgetown, including in our transportation and utility infrastructure, as well as customer service and public safety.” This approach reveals the city council’s dedication to addressing the growing demands that come with rapid development.

Areas of Focus for the Budget

The FY 2025 budget focuses on several vital aspects, including:

• Infrastructure Development: Significant funding will be directed toward enhancing the city’s transportation networks and utility systems to keep pace with the demands of a growing population.
• Public Safety Investments: Allocations to improve safety services and ensuring the well-being of Georgetown’s residents are a top priority for the city council, signaling their commitment to keeping the community safe.
• Customer Service Enhancement: With an eye on improving resident experiences, the budget emphasizes better customer service initiatives, making it easier for residents to access city services.

Responses to Growth Challenges

The adopted budget also reflects careful consideration of the challenges posed by Georgetown’s rapid growth. As the population increases, the city council is determined to maintain the high-quality services that residents expect while also laying the groundwork for future improvements. Mayor Schroeder noted that the budget is a “response to the growth challenges” faced by the city, indicating that the council is proactively seeking solutions.

Where to Find More Information

For residents eager to dive deeper into the specifics of the budget, a wealth of information is available on the city’s official finance website. This resource includes detailed breakdowns and explanations surrounding the financial decisions being made on behalf of the community.

Conclusion

In conclusion, the Georgetown City Council’s newly adopted FY 2025 budget symbolizes positive steps forward for the city. With a commitment to lower property taxes, coupled with substantial investments aimed at improving infrastructure, public safety, and customer service, residents can look forward to a bright future. This collaborative effort highlights the council’s dedication to not just maintaining but enhancing the quality of life in Georgetown.