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2 <br />• Be balanced using a post revaluation property tax rate that generates the same <br />amount of property tax revenue for the County as in the current year • <br />• Allocate 48.1 % of the County's total General Fund revenues to funding the <br />County's two local school districts -Orange County Schools and Chapel Hill <br />Carrboro City Schools. This percentage is consistent with Board approved <br />funding target for schools. Included in this total is the "per pupil" or current <br />expense funding along with recurring capital, long range capital, fair funding, and <br />debt service. <br />During tonight's work session, the Manager will highlight recommended revenue <br />projections for next fiscal year to include the revenue neutral tax rate, impact of <br />economic downturn, and recent actions by the state. The Manager will also review <br />recommendations related to the changes in County services and work force, and costs <br />of opening new facilities and implementing Board priorities. <br />Discussions during earlier work sessions this spring have generated a number of Board <br />questions. Attachments provided via this agenda abstract address some of those <br />questions and requests. Other questions and requests will be addressed in the actual <br />budget document itself. <br />Board Scheduled Budget Related Meetings <br />The Board is not expected to make decisions during tonight's work session. A number <br />of budget related meetings are scheduled between now and adoption of the final FY • <br />2009-10 budget scheduled for June 16, 2009. All meetings start at 7:00 p.m. <br />• May 19, 2009 - Televised presentation of the Manager's FY 2009-10 <br />Recommended Annual Operating Budget <br />o Location -Southern Human Services Center, Homestead Road, Chapel <br />Hill <br />• May 21, 2009 -Public Hearing <br />o Location - Central Orange Senior Center, 103 Meadowlands Dr, <br />Hillsborough <br />• May 26, 2009 -Public Hearing <br />o Location -Southern Human Services Center, Homestead Road, Chapel <br />Hill <br />• May 28, 2009 -Budget work session with Orange County and Chapel Hill <br />Carrboro City Boards of Education <br />o Location -Southern Human Services Center, Homestead Road, Chapel <br />Hill <br />• June 4, 2009 -Budget work session for Board to discuss components of the FY <br />2009-10 Annual Operating Budget <br />o Location -Southern Human Services Center, Homestead Road, Chapel • <br />Hill <br />