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25 <br /> 1 <br /> 2 Slide#3 <br /> FY 2026-27 Operating Budget Options <br /> Prior Strategies to Maintain a Flat Tax Rate <br /> County Tax Rate Hisory <br /> 120 <br /> 99.80 <br /> 100 95M <br /> 88.00 90.30 87.80 87.80 7.80 86.79 88.79 86.34 <br /> 64.30 85.80 6580 85.80 85.80 65.80 83.77 85.04 83.12 83.58 <br /> 81.87 <br /> 80 <br /> 67.58 <br /> 63.83 <br /> 60 <br /> 40 <br /> 20 <br /> 0 <br /> FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 <br /> Rec <br /> ORANGE COUNTY <br /> 3 N(-)RT'I I CARC>I,INA <br /> 3 <br /> 4 Travis Myren said that staff reviewed the conditions that allowed the county to maintain a <br /> 5 stable tax rate between approximately 2010 and 2015. He noted that the period included a dramatic <br /> 6 reduction of approximately 64 county positions, many of which were vacancies generated in part by a <br /> 7 2009 retirement incentive. Additionally, employee wage increases averaged 1% per year, and current <br /> 8 expense increases for the schools averaged 1.5% annually between 2010 and 2014, with a large increase <br /> 9 in FY 2014-15 supported by a $10 million fund balance appropriation that would not be available today. <br /> 10 Commissioner Portie-Ascott asked about the retirement incentive. <br /> 11 Travis Myren noted that staff were updating quantitative analysis on what a similar incentive <br /> 12 might look like today and committed to bringing that information back to the Board. He further <br /> 13 explained that implementing such an incentive before the start of the fiscal year on July 1st would be <br /> 14 challenging, but it could be explored for implementation during the fiscal year. <br /> 15 <br /> 16 <br />