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Orange County to lower property taxes due to $50M fund increasePosted: 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.