City Should Use Caution in Spending as Recession Looms

The latest layoff data presented by Challenger Gray indicates that Texas is realizing the effects of lower oil prices.

Even though, Georgetown and Williamson County are not directly involved in the oil business, the oil business has an impact on city finances through sales and other taxes in addition to general consumer confidence.  There are also manufacturing and oil service business that have a presence in Williamson County.  The city needs to be prudent in spending the citizens money.

The watchword is CAUTION!