In a recent update on the financial standing of Georgetown’s administration, the Chief Citizen, Alfred Mentore, shared some promising figures regarding the collection of rates and taxes. The Mayor and City Council have successfully amassed 60% of its projected revenues from rates and taxes for the current year.
Shemar Alleyne reports that this positive trend has spurred optimism within the Council, as they now anticipate a potential collection rate of around 90% by year’s end. Such a significant revenue intake would bolster the city’s financial standing, allowing for greater flexibility and capacity to undertake key developmental projects within Georgetown.
