Georgetown's Public Budget Process Starts Today

The public can get their first view of the proposed 2018 budget today at 2pm in the City Council Chambers.

Here is one tidbit that some may be interested in:

The City sets utility rates above utility costs so that the "profit" can be transferred into the city general fund, which allows the council to keep property taxes lower.

Thus, it is observed in 2018 they expect to transfer $8.4M from utilities to the general fund.

It is left as an exercise to the reader as to whether or not they agree with this revenue generating method.