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9 <br /> Slide#5 <br /> FY2024-25 RECOMMENDED BUDGET <br /> Revenue Projections <br /> Property Tax Projections <br /> Property Tax Growth 2.45% = $5.3 Million <br /> Recommended Property Tax Increase: <br /> $0.0281 -balance budget = $6.5M <br /> Current Tax Rate - $0.8353 per$100 valuation <br /> Recommended Tax Rate = $0.8634 per$100 valuation <br /> ORANGE COUNTY <br /> NORTH CAWLINA <br /> Slide #6 <br /> FY2024-25 RECOMMENDED BUDGET <br /> Revenue Projections <br /> Sales Tax Projections <br /> Sales Tax has slowed to pre-amid levels of single digit percentage <br /> increases: <br /> - Point of Delivery -411/o <br /> - Per Capita-3% <br /> • Projected Increase = $1.6M <br /> State Hold Harmless <br /> . Anticipated reduction = ($2.2M) <br /> Solid Waste Pee <br /> • Rate Reduction $142 to $138 <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> Bonnie Hammersley said there has been a significant decrease in sales tax growth. For <br /> comparison, she said last year's increase was $8.1 million and this year it is$1.6 million. She said <br /> this is also the first time she has recommended different percentage increases for Point of Delivery <br /> and Per Capita. She also noted that this is the first time there has been a gap between sales tax <br /> and the Medicaid rate, resulting in a $2.2 million loss. <br />