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FY2021 -22 Budget Planning <br /> • Achieve Structurally Balanced Budget <br /> — Replace $7 Million in FY2020-21 One Time Revenues (if possible) <br /> • Assume Stagnant Motor Vehicle Property Tax Growth <br /> — Compared to 2.75% Annual Growth Historically <br /> • Integrate Real Property Revaluation with Stale Collection Rates <br /> — 8.9% Projected Growth in the Tax Base/Assessed Value <br /> — Revenue Neutral Rate — 82.05 cents <br /> — Current Rate — 86.79 cents <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br />