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Finance director: Georgetown ended FY25 with $31.9M; net-profits and insurance taxes exceeded budget
Summary
Finance Director Stacy reported the city’s FY24–25 ending general fund balance of about $31.9 million (up roughly $6.8M), driven largely by net-profits revenue and insurance-premium taxes; staff noted ARPA commitments and plans to change budget presentation for noncash leased assets.
City finance staff told the council on Nov. 24 that Georgetown ended fiscal year 2025 with a stronger-than-expected reserve position and that several one-time revenue items drove the increase.
Stacy, the finance director, said the beginning general-fund reserve on July 1, 2024, was about $25.1 million and the ending balance as of June 30, 2025, is approximately $31.9 million — an…
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