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42 <br /> Slide #23 <br /> FY 2025-26 Revenue Assumptions <br /> SALES TAX TRENDS <br /> Sales Tax now growing significantly slower than pre-Covid trends. <br /> Annual Growth Rate of OC Sales Tax <br /> 18.00% <br /> 16.00% <br /> 14.W% <br /> 12.00% <br /> 10.00% <br /> 8.00% <br /> 6.00% <br /> 4.00% <br /> 2.00% <br /> 0.00% <br /> FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025-YTD <br /> —Per-Capita Sales Tax —Point 01 Sale Sales Tax ——Per-Capta Pre-Covid Trend ——P.S Pre-Covid Trend <br /> Travis Myren said it is a little bit perplexing that the first three months collected so far <br /> have been below pre-Covid rates. <br /> Travis Myren said the per capita calculation is determined by population, so the state <br /> collects all the sales tax and it's distributed to the counties based on population. He said the <br /> Point of Sale/Delivery is based on sales and deliveries that occur in Orange County. He <br /> explained that the county has adopted Articles of Sales Tax and that goes to the county directly <br /> and then there are the state sales tax components that are distributed. <br /> Commissioner Portie-Ascott asked what the articles of county sales tax are. <br /> Travis Myren said Article 44 is hold harmless and Article 46 is for economic <br /> development. Travis Myren noted that these projections don't take into account the loss of per <br /> capita sales tax that will inevitably decrease because of the lack of tourism etc. in the Western <br /> part of the state after Hurricane Helene. <br />