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3 <br /> 1 Slide #4 <br /> FY2023-24 RECOMMENDED BUDGET <br /> 1u-VF-NUEs <br /> u[ueeratlrurciK,Mxelwuuf <br /> 0.1M ¢9fL /ypoP�I�IN�-blelen�e <br /> r <br /> •Property Tags <br /> •sales Tax <br /> n.adnc •Liceia—d Permits <br /> aw <br /> •Misoeltaneous <br /> ■AVPro0ated Fund Balance <br /> •Charm%tr Benic% <br /> ■IMergoxenmental <br /> ■Tramle m <br /> ORANGE COUNTY <br /> NORTH CAPIXINA <br /> 2 <br /> 3 <br /> 4 Slide #5 <br /> FY2023-24 RECOMMENDED BUDGET <br /> Revenue Assumptions <br /> FY 2023-24 -Projected Revenue: $279,194,929 <br /> Property Tax Assumptions <br /> Recommended Property Tax Increase: <br /> $0.0046=$1,033,676 <br /> One Penny=$2,257,9% <br /> Current Tax Rate=$0,8312per$100valuation <br /> RecommendedTax Rate=W 8358 per$100 valuation <br /> Total Property Tax Increase plus 2%natural growth=$4.7 Million <br /> ORANGE COUNTY <br /> .'OKI'I r CAROI.1-4V <br /> 5 <br /> 6 <br /> 7 Slide #6 <br /> FY2023-24 RECOMMENDED BUDGET <br /> Revenue Assumpton4 <br /> Sales Tax Assumptions <br /> 4-5%Growth over FY 2022-23projection as economy normalizes to pre- <br /> Covid inflation rates. <br /> Third Quarter FY 2022-23 indicates 10.72°/u Growth over Prior Fiscal Year <br /> Total Sales Tax Increase=Wl Million <br /> ORANGE COUNTY <br /> 8 NOFMI CAROLINA <br />