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205 <br /> REVENUE OUTLOOK )) Durham and Orange COUOtv/\rti[[e 43 Tax Collections <br /> Chart 8: Rising Incomes Will Fuel Spending Chart 9: Low Industrial Diversity Risk to Growth <br /> Disposable personal income, % Public sector share in total payrolls, %,2015 <br /> 8 60 <br /> —Orange Durham —U.S. <br /> 30 -- <br /> 5 <br /> 20 -- --- --- <br /> 4 <br /> 10 -- --- --- --- --- <br /> 3 <br /> 0 <br /> 2 / / / / / / / / / / / / / / Orange Person Chatham North Durham <br /> 15 20F 25F 30F County County County Carolina County <br /> Sources.yex.m"w''sx"°/yti= Sources.BLS,m"wv's*"°/yti= <br /> center Lessens the overaR pooL for coRec- nomic impact of buiLding.New housing con- Strong popuLation gains,particuLarLy in <br /> tions,increasing seasonaL variations,and struction requires significant expenditures on Durham County,are fueLing robust demand. <br /> creating a more voLatiLe revenue series, durable goods.This includes building materi- The improving Labor market wiLL aLso boost <br /> In addition to consumer activity,construc- aEs and the significant spending that goes into househoLd formation in the near term,further <br /> dnn plays an outsize role in determining sales furnishing a newly built house.HnmehuiN- supporting home saLes.Its more dynamic <br /> tax collections.The model utilizes housing ing has picked up significantLy over the past demographic profile will also help Durham <br /> compLetions to account for the positive eco- year,but there is further room for growth. County outperform throughout the forecast. <br /> w000vsAwAI Y I IC s / cnm/nommzn Ia 4 <br />