Today, I saw that the Texas Comptroller had the numbers out for Georgetown’s April Sales Tax Revenues. We did better than I was expecting, which is great news.
The Comptroller shows that Georgetown received $2,355,640 in sales tax revenues for April. I have also calculated the Year over Year (YOY) comparisons between FY2019 (FY19) April numbers and FY2020 (FY20) April numbers. The YOY comparisons can be a little tricky though. Certainly Georgetown has grown significantly over last year in population and the number of stores and businesses that support our population.
If you just compared FY19 sales tax revenues with FY20 revenues, you wouldn’t reflect the growth we have had this year. So is that a truly accurate way to compare YOY sales tax revenues for Georgetown?
