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County models Article 46 incentives amid flattening sales tax revenue; Durham Tech funding options raise trade-offs
Summary
Budget staff presented scenarios for Article 46 (sales tax) funding of economic development and education programs, warning of incentive-payment timing pressures and options that could increase fund gaps in future years if sales-tax revenue remains flat.
Orange County budget staff presented modeling for Article 46 (a dedicated local sales-tax fund for economic development and education) and warned that flat or contracting sales-tax receipts could create near-term funding pressure for incentive payments and education grants.
Staff said Article 46 revenue is flat from FY2024–25 projections to the proposed FY2025–26 budget, and the fund’s single revenue source makes it more vulnerable to contractions than the general fund. The county’s model splits Article 46 revenue equally…
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