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3 <br /> RES-2025-031 <br /> Resolution of Intent to Adopt the FY2025-26 <br /> Orange County Budget <br /> The items outlined below summarize decisions that the Board acted upon June 5, 2025 in approving the <br /> FY2025-26 Orange County Annual Operating Budget and the FY2025-26 (Year 1) Capital Investment Plan <br /> Budget. <br /> WHEREAS, the Orange County Board of Commissioners has considered the Orange County FY2025-26 <br /> Manager's Recommended Budget and the FY2025-26 Manager's Recommended Capital Investment Plan <br /> Budget; and <br /> WHEREAS, the Commissioners have agreed on certain modifications to the Manager's Recommended <br /> Budget as presented in the FY2025-26 County Manager's Recommended Budget on May 6, 2025; and to <br /> the FY2025-26 Manager's Recommended Capital Investment Plan Budget as presented on April 1, 2025; <br /> NOW THEREFORE BE IT RESOLVED, that the Orange County Board of Commissioners expresses its <br /> intent to adopt the FY2025-26 Orange County Budget Ordinance on Tuesday, June 17, 2025, based on the <br /> following stipulations: <br /> 1) Property Tax Rates <br /> a) The ad valorem property tax rate shall be set at 65.59 cents per $100 of assessed valuation. <br /> b) The Chapel Hill-Carrboro City Schools District Tax shall be set at 14.41 cents per $100 of <br /> assessed valuation. <br /> c) The Fire District and Fire Service District tax rates shall be set at the following rates (all rates are <br /> based on cents per $100 of assessed valuation): <br /> • Cedar Grove 7.54 <br /> • Greater Chapel Hill Fire Service District 11.50 <br /> • Damascus 10.20 <br /> • Efland 8.38 <br /> • Eno 8.71 <br /> • Little River 5.35 <br /> • New Hope 12.50 <br /> • Orange Grove 7.00 <br /> • Orange Rural 9.21 <br /> • South Orange Fire Service District 8.17 <br /> • Southern Triangle Fire Service District 10.20 <br /> • White Cross 14.00 <br /> Page 1 of 4 <br />