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2 <br /> RES-2024-036 Attachment 1 <br /> Resolution of Intent to Adopt the FY2024-25 <br /> Orange County Budget <br /> The items outlined below summarize decisions that the Board acted upon June 6, 2024 in approving the <br /> FY2024-25 Orange County Annual Operating Budget and the FY2024-25 (Year 1) Capital Investment Plan <br /> Budget. <br /> WHEREAS, the Orange County Board of Commissioners has considered the Orange County FY2024-25 <br /> Manager's Recommended Budget and the FY2024-25 Manager's Recommended Capital Investment Plan <br /> Budget; and <br /> WHEREAS, the Commissioners have agreed on certain modifications to the Manager's Recommended <br /> Budget as presented in the FY2024-25 County Manager's Recommended Budget on May 7, 2024; and to <br /> the FY2024-25 Manager's Recommended Capital Investment Plan Budget as presented on April 2, 2024; <br /> NOW THEREFORE BE IT RESOLVED, that the Orange County Board of Commissioners expresses its <br /> intent to adopt the FY2024-25 Orange County Budget Ordinance on Tuesday, June 18, 2024, based on the <br /> following stipulations: <br /> 1) Property Tax Rates <br /> a) The ad valorem property tax rate shall be set at 86.29 cents per $100 of assessed valuation. <br /> b) The Chapel Hill-Carrboro City Schools District Tax shall be set at 19.80 cents per$100 of <br /> assessed valuation. <br /> c) The Fire District and Fire Service District tax rates shall be set at the following rates (all rates are <br /> based on cents per$100 of assessed valuation): <br /> • Cedar Grove 9.00 <br /> • Greater Chapel Hill Fire Service District 13.87 <br /> • Damascus 12.80 <br /> • Efland 10.28 <br /> • Eno 11.98 <br /> • Little River 7.39 <br /> • New Hope 13.84 <br /> • Orange Grove 8.27 <br /> • Orange Rural 11.49 <br /> • South Orange Fire Service District 9.09 <br /> • Southern Triangle Fire Service District 12.80 <br /> • White Cross 13.84 <br /> Page 1 of 5 <br />