DATA: Georgetown not hit as hard by sales tax revenue dip as projected – Community Impact Newspaper

Georgetown not hit as hard by sales tax revenue dip as projected data shows. (Courtesy Adobe Stock)

Despite the closing or reduction in nonessential businesses, Georgetown’s slowdown of collected sales tax revenue was less than projected.

Sales tax revenue generated in Georgetown in March totaled $2,611,373, according to numbers released May 6 by the Texas comptroller of public accounts. That figure represents an increase of 1.91% compared to sales tax revenue generated in March 2019.

City officials projected a 1% decrease in March.

May sales tax revenue data is based on March sales from across Texas.

In all, Georgetown generated $49,134 more in sales tax revenue in March 2020 than it did in March 2019, the state data shows.

The state of Texas as a whole generated sales tax revenue totaling $2.58 billion in March, which represents more than a 9% drop compared to last year, according to a May 1 news release by the Texas comptroller of public accounts.

City officials predict an 8% decrease in April.