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24 <br /> 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 /> �1 <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> Slide #17 <br /> REVENUE ESTIMATES <br /> • Sales Tax Estimate <br /> Currently seeing significantly slower growth,especially in the per-capita article <br /> 40 <br /> — Point-of-delivery articles are currently growing above pre-covid rates, <br /> suggesting stronger local economy than state economy. <br /> Article FY 23 Actuals Growth FY 2024 Projection Growth FY 25 Budget Est. Budget <br /> Art.39 $ 16,430,626 4.0%$ 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%$ 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 /> Sum/Avg $ 43,396,780 3.8%$ 45,014,798 4.0%$ 46,815,391 7.0% <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> Commissioner Portie-Ascott asked if there is a breakdown of property tax revenue <br /> between commercial and residential. <br /> Travis Myren said he would get that information to the Board. <br />