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24 <br /> 1 Slide #16 <br /> REVENUE ESTIMATES <br /> • Property Tax <br /> — 2% Natural Growth due to New Construction $3,900,000 <br /> — No Change in Collection Rates(99.2% Property,99.6%Vehicles) <br /> No Tax Rate Increase for Debt Service <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> 2 <br /> 3 <br /> 4 Slide #17 <br /> REVENUE ESTIMATES <br /> Sales Tax Estimate <br /> Currently seeing significantly slower growth,especiaflyin the per-capita article <br /> 40 <br /> Point-of-delivery articles are currently growingabove pre-covid rates, <br /> suggesting stronger local economythan state economy. <br /> FY 24 FY 25 Growth <br /> Proj Proj from FY 24 <br /> Article FY 23 Actuals Growth FY 2024 Projection Growth FY 25 Budget Est. Budget <br /> Art.39 $ 16,430,626 4.0%S 17,087,851 4.0%$ 17,771,365 7.1 <br /> Art.40 $ 11,785,331 3.0%$ 12,138,891 4.0%$ 12,624,447 -0.9 <br /> Art,42 $ 8,240,839 4.0%$ 8.570,473 4.0%S 8,913,292 6.7 <br /> Art.44 $ 284,938 4.0%$ 296,335 4.0%$ 308,189 2.7% <br /> HH-44 $ 6,655,046 4.0%$ 6,921,248 4.0%$ 7,198,098 25.2 <br /> um/Avg 5 43,396,780 3.8%$ 45,014,798 4.0%$ 46,815,391 7.4 <br /> ORANGE COUNTY <br /> NOWTH CAROLINA <br /> 5 <br /> 6 Commissioner Portie-Ascott asked if there is a breakdown of property tax revenue <br /> 7 between commercial and residential. <br /> 8 Travis Myren said he would get that information to the Board. <br /> 9 <br /> 10 <br />