Orange County NC Website
WHEREAS , to distinguish and separate the revenues produced through this Y4 cent sales <br /> tax , a Special Revenue Fund will continue to be utilized to receive and account for the <br /> sales tax revenue . These funds will continue to remain separate from County' s general <br /> funds to allow for more accurate tracking of revenues and expenditures in accordance <br /> with a new ten -year allocation plan established as part of this resolution ; <br /> NOW, THEREFORE , BE IT RESOLVED the Orange County Board of Commissioners <br /> hereby states its intent to continue to use the revenues from the Article 46 one - quarter <br /> cent ( 1 /40 ) County sales and use tax for continued economic development and public <br /> school needs for an additional ten years . <br /> BE IT FURTHER RESOLVED THAT proceeds from the one -quarter cent ( 1 /40 ) County <br /> sales and use tax in later years will be used to address priorities as established by the <br /> Board of Commissioners in the County' s Capital Investment Plan . <br /> This the 6t" day of September , 2022 . <br /> Loow A* P icivy AA& <br /> Renee Pri e , Chair <br /> Orange County Board of Commissioners <br /> Laura Jens Clerk to the Board 0 <br /> a <br /> 17 52 <br /> art $ sloe% <br />