Orange County to lower property taxes due to $50M fund increase

Posted: Updated:

Orange County has released its proposed budget for 2020.

Officials say the more than $800 million spending plan lowers property taxes due to a significant increase in sales and hotel tax revenue.

County Executive Steve Neuhaus says tourism is booming in the county, contributing to a major fund balance increase, from $6 million to more than $56 million this year.

Neuhaus says Moody's Investors have also upgraded the county bond rating.

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