Orange County NC Website
Browse       Search
31 <br /> Slide #53 <br /> Economic Development - page 141 <br /> — Occupancy Tax revenue increase from Base-$236,529 <br /> • Based on FY24-25 projected actuals with no increase <br /> — Town of Chapel Hill reducing payment by$175,000 <br /> — Visitors'Bureau final repayment of pandemic related General Fund loan-$224,000 <br /> • Leaves Visitors'Bureau fund balance at$373,061 or 12%of budgeted expenditures <br /> Two months of personnel expenditures would equate to approximately 6%of total expenditures <br /> 53 ORANGE GE COUNTY <br /> LINA <br /> Travis Myren explained that the Town of Chapel Hill will contribute less of the occupancy <br /> tax it collects. <br /> Slide #54 <br /> Economic Development - page <br /> 141 <br /> Occupancy Tax Revenue History <br /> $z,s9B,9Bo <br /> $2,363,229 $2,363,229 <br /> 52,025,000 <br /> $2,000,000 <br /> $i,671,718 $1,662,044 <br /> $1,581,745 <br /> $2,492,194 <br /> S1,soB,9BB <br /> $1,247,530 <br /> $1.090,900 <br /> $022,M9 <br /> $500,000 <br /> FY201417 FY2M7-16 FY2019-19 FY2019-20 FY2020-11 FY1021-22 FY2021-23 FV2021-24 FY207A-25 W.) FY2OZ5-26 Budget <br /> ORANGE COUNTY <br /> 54 NORTH CARK3LINA <br />