Orange County NC Website
2 <br /> <br /> <br /> <br />Bonnie Hammersley responded to Commissioner Burroughs’ question from a previous <br />meeting, by saying that the breakdown of tax revenues is 81% residential and 19% commercial. <br />She resumed the presentation: <br /> <br /> <br /> <br /> <br />FY2018-19 Recommended Budget Assumptions <br /> <br /> Tax Growth = 3.0% <br /> Sales Tax Growth = 2.4% <br /> General Fund Reserve = 16% <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> Phase In Tax Rate Increase $0.0142 to $0.8519 <br />$0.01 on county tax rate = $1,838,250 <br />$0.0142 on county tax rate = $2,610,315 <br />FY2018-19 RECOMMENDED BUDGET BUDGETED EXPENDITURES