Orange County Commissioners Unanimously Preserve Strategic Economic Development Funds
Orange County Commissioners Unanimously Preserve Strategic Economic Development Funds
Orange County Commissioners Unanimously Preserve Strategic Economic Development Funds
Prepared by Katie Loovis on 09/08/2022
On September 6, 2022, the Orange County Board of Commissioners reaffirmed the 10-year implementation plan for the Article 46 funds.
As discussed previously on this blog, Article 46 is the 1/4-cent sales and use tax with half of the funds allocated for economic development and the other half for the two school systems.
The ten-year plan to guide how those funds were allocated was set to expire this year. The Chamber's Government Affairs Committee has tracked this tax closely and advocated for the preservation of those funds.
While one commissioner earlier this year attempted to redirect the economic development funds to other purposes, we are pleased to report that this commissioner was persuaded otherwise and the 50% for economic development has been unanimously preserved.
You can read more about the reaffirmation of the implementation plan here: "Acknowledgement and Reaffirmation of Uses for the Proceeds from the Article 46 Sales Tax."
Going forward, The Chamber's Government Affairs Committee will continue to advocate for strategic investments of the economic development funds, especially during the Spring budget season.
In the meantime, please join us in thanking the Orange County Board of Commissioners, including The Chamber's current Board member, Anna Richards, and former Board member, Earl McKee, for their unanimous leadership in prioritizing economic development.