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Laura Blackmon made reference to the lavender sheet which was a preliminary outlook of <br /> budget drivers. With the revaluation next year, the staff is looking at a neutral rate to start with. <br /> She said that it was helpful to have a guideline from the Board last year that it did not want to go <br /> over$1. <br /> The growth projection is about 3%, which would be an increase of about $3.8 million. <br /> Regarding sales tax, there are some decreases coming next year of about $4.9 million because <br /> of the State retaining some of this revenue for Medicaid. Total sales tax budgeted next year is <br /> about$15 million. <br /> The projected revenue is expected to decrease by $3.7 million. The total projected <br /> expenditures are $188.8 million. Right now, the shortfall, based on preliminary figures, is almost <br /> $10 million. <br /> Adjournment: <br /> A motion was made by Commissioner Gordon, seconded by Commissioner Foushee to adjourn <br /> the meeting at 10:13 pm. <br /> Barry Jacobs, Chair <br /> Donna S. Baker, CMC <br /> Clerk to the Board <br />