Orange County NC Website
Browse       Search
<br />11 <br />NORTH CAROLINA <br />ORANGE COUNTY <br />RESOLUTION REGARDING <br />LEGISLATIVE MATTERS <br />WHEREAS, Senate Bill 469, introduced by Senator Hartsell, <br />would provide Cabarrus County with revenue options to meet public <br />school construction needs; and <br />WHEREAS, Senate Bill 469 requires a referendum on a sales <br />and t~se tax option and on a real estate transfer tax option; and <br />WHEREAS, the proceeds of either tax, if approved by <br />referendum and enacted by resolution of the Board of <br />Commissioners, would be available for public school building <br />capital outlay projects including the planning, construction, <br />reconstruction, enlargement, improvement, repair, or renovation <br />of public school buildings and for the purchase of land for <br />public school buildings but would not be available to pay debt <br />service or to fund a public school building capital outlay <br />project that is or will~be financed in part by debt; and <br />WHEREAS, the authorization for these new taxes is temporary <br />in nature with a 10 year life and the possibility of a 10 year <br />renewal; and <br />WHEREAS, Senate Bill 469 contains non supplant restrictions. <br />NOW, THEREFORE, BE IT RESOLVED that the Orange County Board <br />of Commissioners requests its legislative delegation to seek <br />amendment of Senate Bill 469 to include Orange County among the <br />counties enabled by it and to support the bill as amended. <br />1 <br />