Agenda - 01-16-1999- 2 - Laserfiche WebLink

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EQUITABLE ANI) EFFECTIVE SCHOOL FITN1)ING Updated 4/98 GOAL: TO PROMOTE FAIRNESS, EFFECTIVENESS, AND EFFICIENCY IN THE ALLOCATION TO AND USE OF RESOURCES BY THE TWO SCHOOL SYSTEMS. At their December 1996 annual planning retreat, the Board of Commissioners adopted a revised capital funding plan that addresses school and county capital project funding and provides for growth in annual recurring capital allocations to school systems. The Capital Needs Advisory Task Force met regularly between early February and mid-April 1997 to develop recommendations to the Board of Commissioners concerning the elements and size of a bond referendum planned for November 1997. Their formal report, presented to the Board in May 1997, recommended a bond referendum of up to $61.7 million, to supplement on-going pay-as-you-go funds. and State school bonds approved by voters in the November 1996 election On November 4, 1997, Orange County voters approved $47 million in bonds for new school construction and renovations to various existing school facilities. The Board of Commissioners adopted the 1997-98 Orange County Budget Ordinance to include full funding of the current expense budget request of the Orange County Board of Education. The Board approved an increase of 2 cents in the Chapel Hill-Carrboro Schools special district tax to increase the amount of operational funds available to CHCCS for 1997-98. The Board appointed a High School Construction Standards Task Force, which has held three meetings since mid- December, 1997 and is tentatively slated to complete its work in late May, 1998. The Schools and Land Use Council was appointed and has held several meetings since its initial meeting in October, 1997..