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22 <br /> 1 Slide #8 <br /> ©RANGE COUNTYFY2021-22 BUDGET <br /> FY 2021-22 REVENUEASSUMPTIONS <br /> •Revaluation <br /> -Haglu•Ilrvnt•wIU In 1].6%Rwl Poop,ty AfwfwtlWlu•GtPx1fi <br /> -liavrcw NpMaI RHa• .T69"I P•tarOG WAa•n•ENIw <br /> ne � per;SOGWlvisrat Wlue <br /> yad+e moneP m*Etiafi,sei <br /> •PropertyTuRatrincame <br /> •Proparamuwr.reaocwm=azs-r>es,aoorx,ffim,dvati <br /> SalaTaa <br /> -1216 autlgatery dorilM1 eacwnomyaantiz tlue la vaccine tliahibulicnaM eesmol Pub4ic HealtR <br /> m01Nbm <br /> -Q,pNM UMT1pMYmrnVlnpMIP46pnau+o.rpainrppMAHPA SIImurpiFMBnIiMSilp <br /> •AmericanR-Plan Act FunM $3.2M <br /> 2 <br /> 4RANGECcnxo,OUNcTY <br /> rnxn� .m <br /> 3 <br /> 4 Bonnie Hammersley explained the revaluation process. She said the State of North <br /> 5 Carolina requires counties to publish revenue neutral rate, which is the rate that would produce <br /> 6 the same amount of revenue should the revaluation not have occurred. <br /> 7 Bonnie Hammersley said sales tax collection has been strong, and is a 12% increase <br /> 8 from FY20-21 budgeted amount. She resumed the PowerPoint presentation: <br /> 9 <br /> 10 Slide #9 <br /> FY2021-22 RECOMMENDED BUDGET <br /> ANNUAL DEBT SERVICE <br /> FrY2021 $18.898.595 56% $15.027.09 44% SSJ,925.674 <br /> FY"22 $22536,293 59% $16,490,984 4f'A $40,027,277 <br /> wows,o,nuu�,Ipw,.no,•n r:raozo nro�n v rzon <br /> ORANGE COUNTY <br /> 11 IIt 12O.U'�, <br /> 12 <br /> 13 Bonnie Hammersley said this table shows the increase in debt service is related to the <br /> 14 2016 education bonds for schools and affordable housing. She resumed the PowerPoint <br /> 15 presentation: <br /> 16 <br /> 17 Slide #10 <br /> FY2021-22 RECOMMENDED BUDGET <br /> Debt Service Requirements for 2016 <br /> Bonds and CIP <br /> FY2019-10 Rat.I.Cress. socc <br /> Increases based on Debt <br /> In cents) (in cenU) (in centa) <br /> FY 2019-19 1.42 127 1.27 <br /> FY 2626-21 2,35 1.67 D.D04 <br /> FY 2621-22 2-78 3.DU NIA <br /> FY 2022-23 WA <br /> FY 2023-24 0 a NIA <br /> -rraoso-z!we-vnare.meas�e•seomow»ame+ew nnwae ,.t;�-� <br /> ORANGE COUNT) <br /> 18 •.:,a crn„i., <br /> 19 <br /> 20 Commissioner Dorosin asked if it is possible to spread the tax rate increases out over <br /> 21 the next three fiscal years. <br />