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Total taxable retail sales in the County for the past five fiscal years and for a portion of the current <br /> fiscal year are shown in the following table : <br /> Fiscal Year Taxable Increase Over <br /> Ended June 30 Retail Sales Previous Year <br /> 2019 $ 1 , 923 , 461 , 091 8 . 9 % <br /> 2020 1 , 955 , 949 , 713 1 . 7 <br /> 2021 2 , 14% 246, 63 8 9 . 9 <br /> 2022 2 .1482 .10701449 15 . 5 <br /> 2023 2 , 788 , 217 ,449 12 . 3 <br /> 20241 1 , 936 , 695 ,378 - - <br /> Source6 North Carolina Department of Revenue . <br /> 1 For the eight months ended February 29, 2024 . Taxable sales for the eight months ended February 28 , 2023 were $ 1 , 856, 590,265 . <br /> Sales tax revenue of the County for past five fiscal years and for a portion of the current fiscal year <br /> is shown in the following table : <br /> Fiscal Year Sales Tax Increase Over <br /> Ended June 30 Revenue Previous Year <br /> 2019 $ 31 , 843 , 731 8 . 3 % <br /> 2020 31 , 800 , 771 ( 0 . 1 ) <br /> 2021 36 , 008 , 088 14 . 5 <br /> 2022 37 , 755 , 859 18 . 3 <br /> 2023 43 , 396 , 780 14 . 5 <br /> 20241 31 A6 ,417 - - <br /> Source : Annual Comprehensive Financial Reports of the County . <br /> For the eight months ended February 29, 2024 . Sales Tax Revenue for the eight months ended February 28, 2023 was <br /> The Article 46 one- quarter cent sales tax (the "Article 46 Sales Tax") was approved by Orange <br /> County voters in a November 2011 referendum, and became effective April 1 , 2012 . A Special Revenue <br /> Fund was established to account for the Article 46 Sales Tax . The Article 46 Sales Tax was initially <br /> estimated to generate $2 , 500 , 000 annually . Article 46 sales tax revenue for the fiscal year ended June 30 , <br /> 2023 was approximately $ 5 . 9 million, and the County has estimated Article 46 sales tax revenue for the <br /> fiscal year ended June 30 , 2024 to be approximately $ million . The Board of County Commissioners <br /> approved a ten-year commitment which authorized equal distributions of the one- quarter cent sales tax to <br /> support Schools and Economic Development . Fifty percent of the one- quarter cent sales tax is allocated to <br /> both County school systems on an average daily membership percent basis to fund capital projects . The <br /> other 50 % is allocated to economic development initiatives including supporting water and sewer <br /> infrastructure funding in the County ' s three economic development districts . <br /> The County ' s other sales and use taxes (Articles 39 , 40 , 42 , and 44 Sales Taxes) are reported in the <br /> County ' s General Fund and are included in the above table with Article 46 Sales Tax . <br /> The County ' s Articles 40 and 42 one-half cent local option sales and use taxes , which were <br /> authorized by the North Carolina General Assembly in 1983 and 1986 , respectively, comprise significant <br /> funding sources for the County ' s school capital requirements and school debt retirement . <br /> 30 <br />