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3 <br /> 1 Slide#4 <br /> FY 2026-27 Operating Budget Introduction <br /> • General Fund Revenue <br /> - Property Tax Natural Growth—2.27%Increase=$4.7 million <br /> Sales Tax—2.7%over FY2025-26 Budget or$1.2 million <br /> Reduction in Hold Harmless payment—($300,000) <br /> Department Charges for Services <br /> Emergency Medical Services @ 200%of CMS rate-$600,000 <br /> Medicaid Maximization Revenue-$1.1 million <br /> Planning and Inspections-$267,100 <br /> Sheriff's Office revenue reductions—($600,000) <br /> Food and Nutrition Services Administrative Costs—($680,000) <br /> ORANGE COUNTY <br /> 4 N(7RTH CAROLINA <br /> 2 <br /> 3 Travis Myren said property tax growth is estimated at 2.27% over the current year, with real <br /> 4 property growth at approximately 1.4% and motor vehicle values increasing by approximately 10%. He <br /> 5 said sales tax has moderated since the pandemic to an estimated 2.7% increase, with a reduction also <br /> 6 anticipated in the hold-harmless payment. <br /> 7 <br /> 8 Slide#5 <br /> FY 2026-27 Operating Budget Introduction <br /> • Debt Service and Pay-Go <br /> — Debt Service increase of$7.8 million <br /> • Exceeds all General Fund Revenue Growth($5.9 million) <br /> — Pay-Go for Schools increase of$3.0 million <br /> — Pay-Go Reduction for County Projects($350,000) <br /> • Prior year balances used for IT Infrastructure and Parks Maintenance Fund <br /> ORANGE COUNTY <br /> 5 NOR'I-H CAROLINA <br /> 9 <br /> 10 Travis Myren said debt service is projected to increase by $7.8 million next year as a result of <br /> 11 prior borrowings, which exceeds the total general fund revenue growth of$5.9 million. He said Pay-as- <br /> 12 you-go (Pay-Go) funding is recommended for school bond soft costs, including architect and engineering <br /> 13 fees and project management, as well as for small capital repairs. <br />