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11 <br /> Slide #1 <br /> Agenda Item 6.b, <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> Approval of an Allocation Framework for the <br /> FY2020-21 Financial Results <br /> Board of Orange County Cornrnissiorrers <br /> December 6, 2021 <br /> Slide #2 <br /> The Context for the FY2020-21 Budget <br /> Uncertainty Aggressive Interventions <br /> Created and Approved during • Remote Work—Online <br /> Stay at Home order Consumerism <br /> • Unemployment Increasing • County$mall Business Grants <br /> • State Directed-Conservative • Federal Funds to Counties and <br /> Revenue Projections Municipalities <br /> — Mainlain County Services <br /> • Intentional Cost Conte inment — PromrveSoclal Safely Net <br /> Strategies <br /> • ❑irrectFederal Payments to <br /> Individuals <br /> ORANGE COUNTY <br /> 15R7]I CAROLINA <br /> Travis Myren said staff had no idea what to expect when the 2020-2021 budget was first <br /> proposed, only six weeks into the stay-at-home order. He said the idea was to operate <br /> conservatively, as the Department of Revenue was advising counties to be careful about <br /> projecting revenues and to not rely on the same hold harmless payment as received in the past. <br /> He said, due to a change in how sales tax was delivered a few years ago, an increase in online <br /> shopping during pandemic resulted in higher sales tax revenue. He said stimulus payments <br /> also had an impact on this, as seen in slide #4. He resumed the PowerPoint presentation: <br />