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<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 /> 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 /> 2025 2,973,549,380 2.2
<br /> 2026' 1,860,900,746 --
<br /> Source:North Carolina Department of Revenue.
<br /> 1 For the seven months ended January 31,2026. Taxable sales for the seven months ended January 31,2025 were$1,757,031,746.
<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 /> 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 /> 2025 49,737,809 5.7
<br /> 20262 30,989,723 --
<br /> Source: Annual Comprehensive Financial Reports of the County.
<br /> 'Includes Article 39,40,42,44 and 46 sales tax revenue.
<br /> 2 For the six months ended December 31,2025. Sales Tax Revenue for the six months ended December 31,2024 were$31,781,717.
<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
<br /> Fund was established to account for the Article 46 Sales Tax. The Article 46 Sales Tax was initially
<br /> estimated to generate $2,500,000 annually. Article 46 sales tax revenue for the fiscal year ended June 30,
<br /> 2025 was approximately $6.1 million. The Board of County Commissioners approved a ten-year
<br /> commitment which authorized equal distributions of the Article 46 Sales Tax to support education and
<br /> economic development.Fifty percent of the Article 46 Sales Tax is allocated to both County school systems
<br /> on an average daily membership percent basis to fund capital projects. The other fifty percent is allocated
<br /> to economic development initiatives including supporting water and sewer infrastructure funding in the
<br /> County's three economic development districts.
<br /> The County's other sales and use taxes(Articles 39,40,42, and 44 Sales Taxes)are reported in the
<br /> County's General Fund and are included in the above table with the Article 46 Sales Tax.
<br /> The County's Articles 40 and 42 one-half cent local option sales and use taxes, which were
<br /> authorized by the North Carolina General Assembly in 1983 and 1986, respectively, comprise significant
<br /> funding sources for the County's school capital requirements and school debt retirement.
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