Georgetown 2018 Budget

The Georgetown 2018 budget is available on the agenda for the city council workshop on Tuesday, July, 25. Workshop Agenda There are 377 pages chock full of numbers and other information.

The bottom line budget number for 2018 is $317,648,697. The chart below shows the budget growth over the last 5 years.

Here is the relevant chart for population growth.

You will hear continuously from the city staff and council that the budget growth is caused by the growth in city population. However, it is observed that the budget growth(10.34%) compounded annually over the last 5 years is almost double the population growth. Adding in inflation growth over the last 5 years, which is 1.59% compounded annually, the population plus inflation growth is 7.1% annually.

It seems the city is bending the budget growth curve over in the last 2 years, but, there is still improvements to be made to align the budget growth with population plus inflation which is a good conservative benchmark.