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22 <br /> Slide #8 <br /> ORANGE COUNTYFY2021-22 BUDGET <br /> FY 2021-22 REVENUEASSUMPTIONS <br /> •Ra�luation .. <br /> a au � ami p.rs�ioa wAu.mtivlw <br /> .arrem wm-is .�zs p•rsiaam p,:�•.nv.w• <br /> Y6giv of Bne penm+E2166.581 <br /> •PropertyTex Rete Increase <br /> .proW#1ra[aimwao J.eCmb-.Siepw E190MAsamWW4w <br /> Sales Tax <br /> .iz.+,aea•1•ry wowln•I:«prlpmyrB�r:eye m.�m•el:Mmnnrize••.<aal,eun••im <br /> Lprver rlmamplq'menlnmeavtlipnnumvr Spentlln¢Opm ABPA SIImulvvvmtlenlNw Svlvs <br /> •Am enwn Rescue Plan AM Funds-$33M <br /> ORANGE_CRUNTY <br /> Bonnie Hammersley explained the revaluation process. She said the State of North <br /> Carolina requires counties to publish revenue neutral rate, which is the rate that would produce <br /> the same amount of revenue should the revaluation not have occurred. <br /> Bonnie Hammersley said sales tax collection has been strong, and is a 12% increase <br /> from FY20-21 budgeted amount. She resumed the PowerPoint presentation: <br /> Slide #9 <br /> FY2021-22 RECOMMENDED BUDGET <br /> ANNUAL DEBT SERVICE <br /> FYW22 $23.536.293 59% $f6,490.984 41% $40.027.277 <br /> FYI.2Y 522.71-75 S17,P24.779 S40.655.453 <br /> NMv,S10m11lbn McruaveumFY2e10wmpW FY2031 <br /> ORANGE COUNTY <br /> Bonnie Hammersley said this table shows the increase in debt service is related to the <br /> 2016 education bonds for schools and affordable housing. She resumed the PowerPoint <br /> presentation: <br /> Slide #10 <br /> FY2021-22 RECOMMENDED BUDGET <br /> FY 2019-20 <br /> IFY 2020-21 <br /> �0 <br /> Total 7.95 6,02 1 87 <br /> r-FI�m•� �pam��.� _ <br /> ORANGE COUNTY <br /> lays I u-A <br />