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Proposed Chapel Hill Carrboro City Schools District Tax Rate Effective July 1, 2009 •Recommended tax rate of 18.84 cents per$100 of assessed valuation •Represents revenue neutral property tax rate for District •Current year tax rate is 23 cents per$100 assessed valuation •Recommended tax rate will generate $18.7 million •In addition to monies district will receive from Countywide tax •One cent on district tax estimated to generate $993,725 Recommended General Fund Budget •Totals $177.6 million •Decrease of$5.4 million from original current year budget of$183 million •Represents 3 percent decrease from previous year original budget •Budget decreases mean everyone— schools, non-profit agencies, and county departments - receive less money next year than they received this year FY2009-10 General Fund Revenues Recommended Budget Totals $177,589,039 (graph) FY 2009-10 General Fund Appropriations Recommended Budget Totals $177,589,039 (graph) Recommended Funding for Chapel Hill Carrboro City and Orange County Schools •Total General Fund appropriation totals $85.4 million •These monies will fund day-to-day operations, repayment of school related debt, and capital •Appropriation equals 48.1 percent of total General Fund •Reflects $3.1 million decrease from current year General Fund appropriation •Equates to $3,096 per student for each of the 18,898 students in both districts for day-to-day operating funds •Reflects decrease of$104 per student compared to current year per pupil appropriation of $3,200 •In addition, Chapel Hill Carrboro City Schools will receive additional $18.7 million from special district tax Annual General Fund Per Pupil Appropriations Based on Historical Averages (graph) Additional Funding for Local Schools •In addition to the $85.4 million for operations, debt and capital, recommended budget allocates $1.7 million to fund non-mandated safety net initiatives for both school districts •School health nurses - $617,782 •School resource officers and social workers for Orange County Schools - $1,072,000 Funded County Initiatives •Funds full year operating costs of new facilities •Examples include parks, senior center, County Library, and Animal Services Facility •Allows for Board priorities •Provides safety net to assist those facing economic challenges such as job loss •Food, shelter and medical services •Covers increased costs of mandates and debt service Funds repayment of School and County related debt •Total debt payments for FY 2009-10 = $25.7 million •Equivalent of 17.1 cents on tax rate •Continues financial support for Orange County Campus of Durham Technical Community College