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