RES-2009-056 Resolution of Intent to Adopt the 2009-10 Orange Co Budget

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Section IV. Tax Rate Levy There is hereby levied for the fiscal year 2009-10 a general county-wide tax rate of 85.8 cents per $100 of assessed valuation. This rate shall be levied in the General Fund. Special district tax rates are levied as follows: Cedar Grove 6.36 Cha el Hill 2.16 Damascus 5.00 Efland 4.66 Eno 5.99 Little River 4.06 New Hoe 5.70 Oran a Grove 3.58 Oran a Rural 5.36 South Orange 7.85 Southern Trian le .5.00 White Cross 6.00 Chapel Hill-Carrboro School District 18.84 Section V. General Fund Appropriations for Local School Districts The following FY 2009-10 General Fund Appropriations for Chapel Hill Carrboro City Schools and Orange County Schools are approved: a) Current Expense appropriation for local school districts totals $58,508,208, and equates to a per pupil allocation of $3,096. (1) The Current Expense appropriation to the Chapel Hill-Carrboro City Schools is $36,303,696. (2) The Current Expense appropriation to the Orange County Schools is $22,204,512. b) Recurring Capital appropriation for local school districts totals $3,000,000 (1) The Recurring Capital appropriation to the Chapel Hill Carrboro City Schools totals $1,861,467 (2) The Recurring Capital appropriation to the Orange County Schools totals $1,138,533 c) Long-Range (Pay-As-You-Go) Capital appropriation for local school districts totals $4,311,827 (1) The Long-Range (Pay-As-You-Go) Capital appropriation to the Chapel Hill Carrboro City Schools totals $2,664,709 (2) The Long-Range (Pay-As-You-Go) Capital appropriation to the Orange County Schools totals $1,647,118 d) School Related Debt Service for local school districts totals $18,616,833 e) Fair Funding appropriation for local school districts totals $988,000. This appropriation is to be split 50/50 between Chapel Hill Carrboro City Schools and Orange County Schools.