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37 <br /> 1 on the set of projects that are ready for financing in FY 2025-26, the tax rate equivalent to fund debt <br /> 2 service in FY 2026-27 decreases from 2.53 cents discussed during the Retreat presentation to 2.01 cents <br /> 3 to fund impending debt obligations. <br /> 4 <br /> 5 Strategies: The County Manager is reviewing several strategies to reduce the gap between expected <br /> 6 revenues and expenditures. Some of those strategies include increasing user fees to more fully represent <br /> 7 the cost of providing services, reducing operating costs through service modifications, and reducing <br /> 8 funding to partner agencies that may be duplicating services to residents. The County Manager is also <br /> 9 carefully reviewing all vacant positions in an effort to reduce employee headcount and long term cost <br /> 10 pressures. <br /> 11 <br /> 12 Travis Myren made the following PowerPoint presentation. <br /> 13 <br /> 14 Slide#1 <br /> a <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> Operating Budget Model Update <br /> as of April 15, 2026 <br /> April 16, 2026 <br /> Board Work Session <br /> 15 <br /> 16 Travis Myren presented updates to the operating budget model reflecting new information <br /> 17 received since the January retreat. <br /> 18 <br /> 19 <br />