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3 <br /> 1 Slide #3 <br /> FY2024-25 RECOMMENDED BUDGET <br /> Revenue Projections <br /> Sales Tax Projections <br /> Sales Tax has slowed to pre-covid levels of single digit percentage <br /> increases: <br /> - Point of Delivery-4% <br /> - Per Capita-3% <br /> Projected Increase =$1.6M <br /> State Hold Harmless <br /> Anticipated reduction = ($2.2M) <br /> ORANGE COUNTY <br /> NORTI I CAROLINA <br /> 2 <br /> 3 Bonnie Hammersley said to put the sales tax percentage increase into perspective, last <br /> 4 year the revenue projection for sales tax was $8.1 million vs. $1.6 million this year. She said this <br /> 5 year, for the first time since it has been established, Medicaid costs surpassed sales tax revenue, <br /> 6 resulting in a reduction of$2.2 million. <br /> 7 <br /> 8 Slide #4 <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=$4.8353 per$100 valuation <br /> Recommended Tax Rate=$0.8634 per$100 valuation <br /> Solid Waste Fee <br /> Rate Reduction$142 to$138 <br /> •mom�� <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> 9 <br />