A quick look at the bond debt that the citizens of Georgetown are obligated to pay is very revealing. These are the debt incurred by Georgetown school district, the city of Georgetown and Williamson county. Keep in mind that this is not the total indebtedness as it does not include special tax districts. It also does not include the unfunded liabilities associated with the pensions for teachers, city employees and county employees. Those unfunded liabilities can be quite large depending on the assumed rate of investment return. The data sources are indicated.
GISD Financial Report published in January on their website.
Debt P+I =$533,523,964, Population calculated from their data = 66,398, debt per capita = $8035
Georgetown CAFR for population and Texas Bond Review Board for debt.
Debt P+I =$317,868,654, Population 59,391, debt per capita = $5352
Williamson County, Texas Bond Review Board for debt and Census Bureau for population.
Debt P+I = $1,320,901,660, Population 528,718, debt per capita = $2,498
Total for Georgetown, Wilco and GISD, debt per capita = $15,885
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