City of Georgetown (Texas)

Yes. Georgetown owns and operates Georgetown Electric Utility, serving city residents and businesses. The utility is municipally managed outside the ERCOT competitive retail market, which gives the city direct control over generation procurement. In 2015, Georgetown became the largest Texas city to commit to 100% renewable energy via long-term contracts with wind and solar providers.

Capital funding comes primarily through general obligation bonds approved by city voters, utility enterprise revenues, and certificates of obligation. In May 2024, voters approved a $130 million bond package for parks, roads, and public safety infrastructure. The city also accesses state revolving funds and regional grants through organizations like the Capital Area Council of Governments.

The seven-member City Council — elected at-large, including the Mayor — sets fiscal policy and approves the annual budget. Council appoints the City Manager, currently David Morgan, who administers daily financial operations. The city's investment policy, adopted by Council, governs the management of general fund balances and enterprise reserves under Texas Public Funds Investment Act guidelines.

The Brazos River Authority is Georgetown's primary surface water supplier, delivering treated water from Lake Georgetown and other regional sources to the city's North Lake and South Lake treatment plants. This arrangement supplements groundwater rights and supports the municipal water utility serving the city's rapidly expanding residential and commercial base.

No. Unlike state pension funds or university endowments, Georgetown does not market an investable asset pool to external allocators. Its financial resources consist of enterprise fund balances, general fund reserves, bond proceeds, and American Rescue Plan allocations, managed according to a city council-adopted investment policy that prioritizes safety and liquidity under Texas law.