Minutes - 19780626 - Laserfiche WebLink

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Fd 4 ~.~ As the meeting reconvened, the Chairman stated the floor was open for further discussion. Commissioner Willhoit suggested that the Building Fund be reduced to.$181,000 and the Contingency Fund be reduced to $93,000. He further asked the Board to consider adding a 2~ school district supplement to the Chapel Hill-Carrboro City schools. This would mean taking $97,000 from the Building Fund and $77,000 fxom the Contingency Fund foz a 64 tax increase. Commissioner Gustaveson spoke against this proposal. He stated this would only put off the problem until next year or perhaps later this year and would put the Board in a box at a later time. Mx. Pinney and Mr. Walker also spoke against this proposal. Chairman Whitted stated he would consider the first part of the proposal. Discussion continued regarding ways in which to reduce the proposed tax rate. Several proposals were made by members of the Board; however, no consensus was reached regarding any one proposal, Chairman Whitted stated he would support the first half of Commissioner Willhoit's suggestion to reduce the Building and Contingency funds by $174,000 and setting a tax rate at 844. He added the comments of Commissioner Gustaveson regarding using monies from the Contingency and Building Funds were valid; hawever, he feels there will be sufficient money in the budget for the Grady Brown project, He feels the net debt money next year will be available to plug into the Building Fund if needed. There is statedshebfeltythe reductipnlofu$9~n000 would not seriouslyar~ He jeopardize the Grady Brown project. Commissioner Walker spoke against the proposal which was under discussion by stating that he felt the Board had disregarded input from citizens. He added that he would not accept a 6~ tax increase. Commissioner Pinney asked Commissioner Gustaveson if he would agree to cutting the Building Fund by $35,000 and attempt to get the remainder from other sources. Mr. Pinney then informed the Board of the additional State revenue of $21,576 which will be forthcoming form the Congressional Fiscal Relief Fund for States and Political Subdivisions. This amount is not included in the revenue projection. Mr. Pinney further proposed that $97,000 be taken from Contingency, $35,000 from the Building Fund and the approximate .$22,000 from the State, for a total of $154,000. An additional $20,000 in revenue could reduce the tax increase to 6~, Chairman Whitted informed the Board of the discoveries of leased property by the Tax DepartmentR.which would bring into the County additional revenue. Mr. Pinney stated he felt interest on investments would also bring in additional revenue as well as the anticipated tax for liquor by the drink. The Finance Officer stated he felt an additional $20,000 could be expected in County revenues. Commissioner Gustaveson expressed his dissatisfaction with. the cut in the Contingency Fund. Commissioner Willhoit stated he was not happy with the add on SpecxalRst betcut andathatnamount addedstodthe Buildi~c~eation 5 und.