Georgetown is suddenly running about $260,000 in deficit, due to pandemic-related delays with excise taxes.
Last year, when the town manager and Finance Advisory Board worked out the Fiscal Year 2021 budget, they set the town’s excise tax projections at about $120,000 more than what would be generated by the tax, Georgetown Selectmen Chair David Twiss explained.
“We predicted a bunch of people would buy new cars and cost of the excise tax would go up, etc., and people moving into town, and so on and so forth,” Twiss said. “What happened is we got struck with a worldwide pandemic, and with people working from home and not traveling, obviously less apt to buy a new vehicle.”