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17 <br /> Investingin Employees <br /> — 2% Wage Adjustment - $1 ,797,292 <br /> • Applies to all employees on payroll as of June 30, 2025 <br /> • Adjustment is also applied to merit awards and 401 K contributions <br /> — Continuation of Merit Awards - $4517000 <br /> Peer Comparison of Proposed Tax Rate Changes and Wage Adjustments <br /> Jurisdiction Proposed Tax Rate Increase Proposed Wage Adjustment Proposed Merit <br /> IL A LL Cents per 11 value All Employees • •e • <br /> Orange County (revaluation) 2.95 2% $561-$1 ,122 <br /> Wake County 0.25 1% 3-4% <br /> Durham County (revaluation) 3.50 3% <br /> Chatham County (revaluation) 7.04 4% <br /> Chapel Hill (revaluation) 5.80 5% <br /> Carrboro (revaluation) 9.72 5% <br />