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<br /> Construction activity in the County for the past five calendar years and for a portion of the current
<br /> fiscal year is indicated by the number and construction value of building permits as set forth in the following
<br /> table:
<br /> (Value in Thousands)
<br /> Year Number Non-Residential Residential Total
<br /> 2020 2,777 37,282 159,938 197,220
<br /> 2021 2,602 11,045 168,388 179,433
<br /> 2022 2,436 25,689 141,823 167,513
<br /> 2023 2,640 25,347 182,138 207,485
<br /> 2024
<br /> 20251
<br /> 1 For the months ended 31,2025. The number of permits issued for the months ended 31,2024 were
<br /> with a value for non-residential of$ and residential value of$
<br /> Source:County Permits and Inspections Division.
<br /> Note:Does not include permits issued in Chapel Hill,Carrboro and Mebane.
<br /> 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 /> 2020 $1,955,949,742 1.7%
<br /> 2021 2,149,246,638 9.9
<br /> 2022 2,482,070,449 15.5
<br /> 2023 2,788,217,449 12.3
<br /> 2024 2,909,906,965 4.4
<br /> 20251 1,757,031,106 --
<br /> Source:North Carolina Department of Revenue.
<br /> 1 For the seven months ended January 31,2025. Taxable sales for the seven months ended January 31,2024 were$1,711,308,706.
<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 /> 2020 $31,800,771 (0.1)%
<br /> 2021 36,420,841 14.5
<br /> 2022 43,075,943 18.3
<br /> 2023 49,306,542 14.5
<br /> 2024 47,031,191 (4.5)
<br /> 20251 --
<br /> Source: Annual Comprehensive Financial Reports of the County.
<br /> For the seven months ended January 31,2025. Sales Tax Revenue for the seven months ended January 31,2024 was$
<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
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