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2 <br /> 1 helps address the immediate financial challenges and will assist in preserving County services as <br /> 2 well as jobs to allow the County to continue to serve Orange County residents. In addition, future <br /> 3 measures will be included in the County Manager's Recommended FY2020-21 Budget. <br /> 4 <br /> 5 Due to the timing of the FY2020-21 budget process and the COVID-19 pandemic, the revenue <br /> 6 projections Pre-COVID and Post-COVID differ significantly. In an effort to manage expectations <br /> 7 prior to the release of the FY2020-21 County Manager's Recommended Budget, the County <br /> 8 Manager will share detailed information on the revenue projections for the BOCC at the April <br /> 9 23, 2020 work session. The revenue sources projected to be impacted include property tax, sales <br /> 10 tax, charges for services including Planning Permits and Sportsplex user fees and occupancy <br /> 11 taxes. <br /> 12 Bonnie Hammersley made the following PowerPoint presentation: <br /> 13 <br /> 14 FY2020-21 BUDGET PROJECTIONS <br /> 15 PRE-COVID VS POST COVID <br /> 16 BOCC Virtual Work Session <br /> 17 April 23, 2020 <br /> 18 <br /> 19 Pre-Covid versus Post-Covid Projections <br /> Pre-Covid Post-Covid $ <br /> Projections Projections Difference <br /> PROPERTY & PERSONAL PROPERTY TAX <br /> Tax Rate Increase 1.63 0 $(3,123,224) <br /> Collection Rate Adjustment - Property Tax(Real/Personal) 99.2% 98.7% $ (781,147) <br /> Collection Rate Adjustment - Motor Vehicles 99.9% 99.4% $ (142,485) <br /> SALES TAX <br /> *Sales Tax Growth +5% -4.5% -9% $(2,814,151) <br /> TOTAL $(6,861,007) <br /> 20 *Sales Tax projections includes Articles 39, 40 and 42 <br /> 21 <br /> 22 Bonnie Hammersley said Covid-19 has challenged staff s assumptions, and this is a brief <br /> 23 presentation to update the Board of County Commissioners (BOCC). <br /> 24 Bonnie Hammersley said the majority of the County's revenue is made up by sales and <br /> 25 property taxes. She said the County is in the midst of a phased in tax increase, but staff will not <br /> 26 be recommending one this year(it was intended to be a 1.63 cents increase). <br /> 27 Bonnie Hammersley said the County's collection rates are number one in the state, and <br /> 28 she is doing a modest '/2 percent reduction because of the uncertainty, due to Covid-19. She said <br /> 29 staff would normally assume it would collect 99% of property tax, and this will projected at half <br /> 30 a percentage point lower. She said the state was projecting a 4-6% increase in sales tax pre- <br /> 31 Covid, and she was going to project a 5% increase; and post covid-19 projections are down. She <br />