Orange County NC Website
9 <br /> General Fund Revenue Overview <br /> • Revenue performance through second quarter is on track to <br /> meet budget projections <br /> • Property tax revenue collections slightly below prior year but this <br /> is a timing variance which is expected to be corrected by third <br /> quarter financial report <br /> • Property tax revenues represent more than 70% of Budgeted <br /> General Fund revenues <br /> • Sales tax revenues accounts for approximately 10% of Budgeted <br /> General Fund revenues; State Department of Revenue <br /> remittances normally lags due to processing and distribution <br /> • Remaining 20% of revenues consists primarily of <br /> Intergovernmental and Charges for Services <br />