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Agenda - 12-15-2009 - 4k
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Agenda - 12-15-2009 - 4k
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12/15/2009
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Agenda
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Minutes - 20091215
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29 <br />The State provides the basic minimum education program for each school administrative unit. <br />Funding for this basic program is provided by appropriations from the State Public School Fund. <br />Additional funding is provided by special State and Federal Grants. The County also appropriates <br />funds to each school system, which provides for program expansions beyond the state basic mini- <br />mum. The County ranked number one in the State in per pupil funding in 2009. A special school dis- <br />trict tax is levied in a special school district that comprises the CHCCS system. This tax is a <br />significant revenue source for the CHCCS system. (See the section "Tax Information" below.) The <br />major sources of school funding in each school administrative unit budgeted for the fiscal year ended <br />June 30, 2009 are outlined in the chart below. <br /> Q~S % of Total H C % of Total <br />State $37,262,986 55 % $ 63,848,216 50 <br />Federal 2,582,182 4 5,200,000 5 <br />Local 28.147.013 41 59.538.474 45 <br />Total $67,992,181 100 % $128,586,690 100 <br />The building of public school facilities has been a joint State/County effort with the County <br />playing the major role. Local financial support is provided by the County primarily through the use <br />of one-half cent local option sales and use taxes, bond proceeds, installment financing and impact <br />fees. <br />Large portions of the one-half cent local option sales and use taxes authorized by the General <br />Assembly in 1983 and 1986 are a major funding source for public school facilities. These taxes are <br />used in accordance with County Capital Policies and the County's ten-year Capital Investment Plan <br />to fund construction as well as debt service for both school and County facilities. The County re- <br />ceived $10.05 million from one-half cent sales taxes in the fiscal year ended June 30, 2009. Of this <br />amount, approximately $6.1 million has been allocated to school construction and debt retirement. <br />In 1987 the General Assembly adopted special legislation on behalf of the County which autho- <br />rized the County to establish a system of impact fees on new residential development. Revenues <br />generated by these fees are to be used toward additional school facilities necessitated by the new <br />development. The Board of County Commissioners in December of 2008 adopted the most recent <br />amendment. This amendment established impact fees effective January 1, 2009* as follows: <br />Orange County Schools <br />Single Family Detached - $3,000 per unit <br />Single Family Attached - $930 <br />Manufactured Homes - $1,428 <br />Chapel Hill Carrboro City Schools <br />Single Family Detached - $6,092 per unit <br />Single Family Attached - $3,525 <br />Multifamily - $686 <br />Manufactured Homes - $2,634 <br />*The amendment increases the above impact fees each year effective January 1, 2010-2012. <br />Impact fees have generated over $30.6 million since implementation in 1993. Impact Fees gen- <br />erated $1.23 million in the fiscal year ended June 30, 2009. <br />Revenues received by the County from the sources mentioned above are expected by the County <br />to be sufficient to fund a significant portion of school capital improvements over the next 10 years. <br />10 <br />
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