LocalTREND. Budget Crunches in Green Town TX. 3 Bits to Be informed.

Background: Georgetown TX has 20- and 25-year contracts with solar and wind energy providers at a 2012 fixed rate. Energy prices have fallen since 2012.

What does this mean?

• Georgetown is stuck with energy it thought it could sell back
• It spent $8.6 M than it budgeted for energy
  • To adapt, the city delayed nonessential hiring and capital improvements
• The City saysthe economic value of its renewable choices is $19M

Texas Public Radio | ‘Green’ Texas Town Faces Budget Crunch As Energy Prices Drop