Orange County NC Website
Browse       Search
2 <br /> 1 Slide #2 <br /> Budget Priorities for FY2025-26 <br /> 1. Minimize Tax Rate Increase <br /> 2. Create Budget Flexibility in Anticipation of Economic Downturn and <br /> Potential Federal Reductions <br /> 3. Maintain County Investment in Social Safety Net Services <br /> 4, Provide Continuation Funding to Schools <br /> 5. Invest in Employee Compensation Package <br /> 6. Align Budget Investments with Strategic Plan Goals <br /> 2 ORANGE cCOUNTY <br /> LINA <br /> 3 <br /> 4 Slide #3 <br /> Revenue Neutral Tax Rate <br /> Property Tax Base x Property Tax Rate=Property Tax Levy <br /> Property Tax Base Revenue Neutral Tax Levy <br /> I Property Tax Rate <br /> $33,254,442,655 .006264 $208,306,757 <br /> Or...62.64 cents per$100 of Assessed Value <br /> Breakeven percentage increase in value is just below 38% <br /> 3 O NO�R'1'I-i�NGE �COUNTY <br /> 5 <br /> 6 <br /> 7 <br />