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Georgetown mayor proposes $47.7 million FY2027 budget with $8.8M in one-time capital, new positions and COLA
Summary
Mayor presented a FY2027 budget projecting $47.7 million in general fund revenue, a 2.7% COLA plus 1% to offset pension costs, six new positions and $8.8 million in one-time capital (including a $4.0M Fire Station 4). Council scheduled the first reading for June 1 and earlier approved a FY2025-26 amendment on a unanimous vote.
Mayor opened Council's budget presentation and summarized the mayor's budget message, saying the city's proposed general fund revenues for fiscal year 2027 are "projected to be approximately $47,700,000," about $580,000 more than the prior projection.
The budget calls for a 2.7% cost-of-living adjustment for city employees, plus an additional 1% to help offset increased employee pension contributions, and adds six positions: one assistant finance director, three police officers and two maintenance workers. "We have 254 positions proposed for 2027," Finance staff said in the briefing.
Why it matters: the proposal balances recurring operating revenues and expenditures while using reserve funds for one-time capital projects. Staff told the council that operating expenses alone are roughly balanced and that the administration proposes…
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