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Orange County manager recommends 2.95¢ tax hike over revenue neutral as revaluation boosts tax base
Summary
Orange County's manager recommended a 2.95-cent tax increase above the revenue-neutral rate at a May 22 work session after a revaluation that enlarged the county tax base to about $33 billion.
At a May 22 budget work session, Orange County staff presented the manager's recommended budget, which includes a proposed tax-rate increase of 2.95 cents over the revenue-neutral rate following a countywide revaluation that drove the tax base higher.
Travis, county budget staff, told commissioners that the county's tax base climbed to about $33 billion after the revaluation. “The manager's recommended budget does include a recommended tax increase of 2.95¢ over revenue neutral,” Travis said during the presentation. Staff showed historical tax-base charts and projected revenue impacts of the revaluation.
The recommended budget includes a 2 percent…
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