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~~8 <br />Mr. Howard said that, if revenue sharing were discontinued, the <br />state will not have any money for capital improvement projects. <br />Mr. Weatherly said that the County Commissioners will need to <br />decide hew these capital improvement projects are to be financed. <br />He said that some additional money can be raised from the supplemental <br />tax in part of the county, but that it will not be sufficient for <br />the expressed needs. That tax is presently limited to currant <br />expense uses. <br />Mrs. Garrett said that one alternative is to raise taxes. She said <br />that Durham County is asking the legislature for a special supplement <br />by school systems. <br />Mr. Compton said that the capital improvement needs for the County <br />School system, at an estimated $2,200,000, would be sufficient for the <br />next four or five years, but that an additional $300,000 to <br />$400,000 will be needed annually for currant capital expenses. He <br />said that this estimate can change, depending on the student enrollment <br />in the next few years. <br />Mr. Caldwell said that it is important to recognize that spending <br />money now may save money for the county in the future, if capital <br />improvement projects are planned systematically and not delayed <br />until a crisis occurs. He suggested that the County Commissioners <br />consider a bond issue as one of the alternatives of funding. <br />Mrs. Denny asked about the urgency of the county needs for a new <br />jail and courthouse improvements. Mrs. Garrett said that the jail is <br />raw operating under a provisional status, and that the county must <br />demonstrate that it is planning seriously for an early completion <br />of a new jail, otherwise the state can require extensive renovation <br />of the existing jail. Mr. Gattis said that the court now meets in <br />Hillsborough thirty weeks of the year, often with three kinds of <br />court in operation at the same time, and that the present facilities <br />consist of one court room and an auxiliary court room; there is also <br />only one jury meeting room, and often two of the courts will have <br />juries, and that sev®ral more employees would be able to provide <br />services if there ware sufficient office space to put them. <br />Mr. Weatherly said that there is a possibility of potential savings <br />far the county in having the outside play areas, multi-purpose rooms, <br />and gym facilities at schools used jomntly with county and municipal <br />recreation commissions, since this might make cooperative development <br />of these facilities possible. <br />Mr. Riddle said that the estimated needs by both the school systems. <br />and the county are between $b 000,000 to $8,000,000 for the first <br />five years, and as much as $1,000,000 over the neat decade. He <br />asked whether any figures are available on the cost of financing this <br />amount on a pay-as-you-go basis as opposed DSO a bond issue. Mr. <br />Pinney said that it would taT~e a 25¢ tax rate to obtain $1,500,000 <br />annually over a period of five years, or a 12¢ tax rate ~o obtain <br />a twenty year bond issue of $8,000,000. <br />Mrs. Scroggs said that the l2¢ tax range assumes that s11 the bonds <br />would ba issued at the same time at 6~ interest. She said that the <br />needs, expressed by county government an¢i county schools are legitimate <br />and critical needs, as are those of Chapel Mill-Carrboro schools. She <br />said that asking these projects to be funded on a pay-as-you-go basis <br />would place an undue burden on the taxpayers over the next ten years, <br />in order to relieve future taxpayers, since these facilities will be <br />in operation for an estimated forty years. She suggested that the <br />Funding of the smaller projects be from annual appropriations, with the <br />larger projects possibly funded through a bond issue, and said that _ <br />even if a sizable bond referendum ware needed, the bonds would not <br />be actually issued until such a time as the projedt was ready for <br />construction. <br />Mrs. Garrett said that the County residents' ability to pay off bends <br />also has to be considered. <br />Mrs. Peachee Wicker asked whether a breakdown on the proposed renovation <br />costs of Lincoln Center is available, with estimate other than those <br />from the committee that studied the renovation; and whether the <br />renovation figures for the three elementary schools have estimates <br />(available, and whether these include air conditioning. Mr. Hanes said <br />