Agenda - 06-08-1999 - Laserfiche WebLink

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7. Budget Page References for Possible Tax Rate Cut Scenarios Table 2 of Appendix F from the budget document has been modified. The additional column references the page number in the budget document where additional information about each item can be found. Staff are still preparing narrative on the rationales for the possible cuts and will provide that to the BOCC before June 8. 8. Employee Cost of Living Increases — 1989 -90 through 1998-99 The table at Attachment 1f displays the cost of living i ' ncreases for the past ten years compared to changes in the consumer price index during the same period. The sum of the CPI increase from 1989-90 through 1998-99 is 34 percent, versus COLA increases of about 24 percent. 9. Major Features of Orange County Budget - 1989 -90 through 1998-99 Attachment 1g provides a summary of some of the most important aspects of the County's budget in each of the last ten years. While not an exhaustive list, this document provides some interesting insights into County programmatic and funding trends. 10. Historical Funding Policy for School Capital Following the enactment of the second local option half cent sales tax in the mid- 1980s, the Board of Commissioners' general policy was to provide 80% of the first half cent revenues and 60% of the second half cent revenues for long range school capital projects. Over the years, a few additional revenue sources were earmarked for school (and County) capital projects, most notably dedications of some property tax proceeds for debt service on 1988 and 1992 bonds. From the late 1980s to mid- 1990s, the Board of Commissioners provided each school system with $750,000 annually for recurring capital outlay. As a precursor to the bond referendum that was ultimately held in November 1997, the Board directed staff to prepare a set of alternatives for along -range capital funding plan for both school and County projects. The Board approved this funding plan (referred to as Option 5B) in December 1996, and it was the basis for the Board's current capital funding policy (included as Attachment 1 h). While the funding sources are still fairly complex, the general principle behind school capital funding at this time is that sales tax and other dedicated revenue sources are totaled, all debt service (both County and school) is paid out of those proceeds, and the balance is divided evenly each year between school and capital projects. The two school systems shares of their 50% of capital funding is further divided on a per pupil basis., As part of the new capital funding policy, the Board of Commissioners has now earmarked the equivalent of 3 cents on the tax rate annually for school recurring capital, allocated between OCS and CHCCS on a per pupil basis.