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^ Combined available building capacity could allow unused space to be filled through student reassignment ^ With addition of new capacity already "in the works", further new school opening timelines could be delayed beyond current 10 year CIP cycle CHCCS Middle School Student Projections Average Projection Model Only Combined Middle School Student Projections Average Projection Model Only Other Potential Financial Implications ^ Affect on percentage of General Fund budget earmarked for education and 48.1 target ^ Future disposition of CHCCS district tax unresolved ^ Not automatically abolished by merger plan ^ Could be discontinued as result of referendum, or by General Assembly legislative action ^ Could remain on the books but unlevied Other Approaches To Equalizing Funding ^ Countywide Supplemental Tax ^ Increase Countywide Ad Valorem Tax Rate ^ Financial implications essentially the same as for Countywide supplemental tax ^ Implementation of Orange County Schools Supplemental Tax Hypothetical Countywide Supplemental Tax ^ Could be part of a merger plan, or an alternative thereto ^ BOCC may initiate, or may pursue in response to Board of Education-approved petition ^ In either case, subject to affirmative vote in referendum ^ Proceeds distributed on per pupil basis ^ General Assembly has previously approved legislation permitting implementation of a countywide tax without a referendum Hypothetical Countywide Supplemental Tax ^ Major Assumptions: . CHCCS district tax incrementally reduced to zero . CHCCS "held harmless" by continued funding of $1,167 per pupil . Tax base growth of 3% in non-revaluation years, 25% in revaluation years (2005, 2009, 2013) . "revenue neutral" tax rate adjustments in revaluation years lead to lower tax rates in out years . Student membership based on certified SAPFO projections ^ Estimated tax rate impacts 3 year scenario - 16.9 cents 5 year scenario - 16.5 cents . 10 year scenario - 10.6 cents