Georgetown officials are reconsidering the timing of several city projects and a possible bond election after newly certified property values came in well below earlier forecasts. At a City Council workshop Tuesday, staff said the Williamson Central Appraisal District’s figures showed property values declining roughly 1.8%. The city had modeled growth of about 8% when making earlier plans, Assistant City Manager Nick Woolery said. The gap matters because Georgetown, like many cities, uses property-tax revenue to repay bonds for major infrastructure and public facilities. Lower-than-expected valuations can constrain how much debt the city can take on, forcing officials to revisit both project schedules and future financing. Projects that could be delayed include improvements at Blue Hole Park, an expansion and renovation of the city recreation center, and remaining sidewalk work tied to the 2015 bond. For its revised forecasts, staff is assuming no property-value growth in fiscal 2028, 2% growth in fiscal 2029 and 3% in later years. Woolery cautioned that the outlook remains uncertain and said the city had considered several possible scenarios. Georgetown leaders had discussed asking voters to approve a bond package in 2027 for transportation, parks and facilities. Woolery recommended waiting until at least 2028, saying officials need more certainty about property values and when projects could realistically be delivered before seeking voter approval. The council took no formal action Tuesday. Any delay could affect when residents see planned improvements and when voters are asked to decide on the next round of city borrowing.