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9 <br /> Travis Myren said outside agency funding is recommended to remain flat at $693,000, with the <br /> Habitat for Humanity contract transferred to the Housing Department. He said the budget recommends <br /> reducing payments to the Chapel Hill and Mebane libraries and increasing the social justice fund. <br /> Slide#16 <br /> FY 2026-27 Operating Budget Introduction <br /> • Property Tax Rate <br /> -Residual/Net General Fund Revenue Needed-$12,650,000 <br /> -Recommended Tax Rate Increase—3.75 cents per$100 of assessed Value <br /> - Total Tax Rate-increases from 63.83 cents per$100 of value to 67.58 cents <br /> ORANGE COUNTY <br /> 16 NORTH CAROLINA <br /> Travis Myren said when all budget expenses and revenues are reconciled, a residual gap of <br /> approximately $12.65 million remains, equating to a 3.75-cent increase on the tax rate, which would <br /> bring the current rate from 63.83 cents to 67.58 cents per$100 of assessed value <br /> Slide#17 <br /> Manager's Recommended Tax Rate <br /> • Manager's Budget Recommends Increase of 3.75 cents over FY 2025-26 <br /> r Impact on Home @$400,000=$150.00 Impact on Home @$500,000=$187.50 <br /> County Tax Rate Hisory <br /> 120 <br /> sseB <br /> 100 ss.ao <br /> 89.00 84.70 85.80 85.80 85.50 85.80 85.80 87.80 87,80 8780 837T 8509 8fi.79 8fi.79 86.34 <br /> 81.87 83.12 8858 <br /> so <br /> 87.5E <br /> 83.83 <br /> 60 <br /> 40 <br /> 0 <br /> FY 2005 FY 2{IOfi FY 2007 FY 2008 FV 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FV 2016 FY.111 2018 FY.111 2820 FY 2021 FY 2022 FY 2023 FY 2024 11.111 2112fi FY 2027 <br /> Rec <br />