Orange County NC Website
the General Fund Property Tax Rate (not adjusted for the 1997 revaluation of real <br />property but adjusted each revaluation thereafter.) Funds will be allocated to each school <br />system based on the State Department of Public Instruction planning allocation which is <br />the same method used to allocate current expense appropriation. <br />Planning Period <br />During each fiscal year, the Board of Commissioners shall adopt a ten year Capital <br />Improvements Plan. The ten year plan shall include anticipated County capital <br />expenditures costing $30,000 or more excluding equipment and anticipated school capital <br />expenditures costing $50,000 or more, excluding equipment. Equipment, costing $1,000 <br />or more can be considered as part of the Capital Improvements Plan. The first year of the <br />adopted Ten Year Capital Improvements Plan shall be incorporated into the next annual <br />operating budget recommended by the County Manager. <br />• <br />