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RES-2009-056 Resolution of Intent to Adopt the 2009-10 Orange Co Budget
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RES-2009-056 Resolution of Intent to Adopt the 2009-10 Orange Co Budget
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Last modified
5/13/2011 9:33:55 AM
Creation date
1/12/2010 10:30:51 AM
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Template:
BOCC
Date
6/16/2009
Meeting Type
Regular Meeting
Document Type
Resolution
Agenda Item
6-2-a
Document Relationships
Agenda - 06-16-2009 - 6-2-a
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Path:
\Board of County Commissioners\BOCC Agendas\2000's\2009\Agenda - 06-16-2009
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~~S ~a ~ o3'~O <br />~~1~°Q~ <br />~ - ~-~ <br />Resolution of Intent to Adopt the 2009-10 <br />Orange County Budget <br />o~i~aoo9g <br />The items outlined below summarize decisions thaf the Board acted upon June 11, 2009 in approving <br />the FY 2009-10 Orange County Annual Operating Budget. <br />WHEREAS, the Orange County Board of Commissioners has considered the Orange County FY 2009- <br />10 Manager's Recommended Annual Operating Budget; and <br />WHEREAS, the Commissioners have agreed on certain modifications to the Manager's FY 2009-10 <br />Recommended Annual Operating Budget as presented in the 2009-10 County Manager's <br />Recommended Budget on May 12, 2009; <br />NOW THEREFORE BE lT RESOLVED, that the Orange County Board of Commissioners expresses <br />its intent to adopt the 2009-10 Orange County Budget Ordinance on Tuesday, June 16, 2009, based <br />on the following stipulations: <br />1) Property Tax Rates <br />a) The ad valorem property tax rate shall be set at 85.8 cents per $100 of assessed valuation. <br />The revenue neutral rate for Orange County is 85.8 cents per $100 assessed valuation. <br />b) The Chapel Hill-Carrboro City School District Tax shall be set at 18.84 cents per $100 of <br />assessed valuation. The revenue neutral rate for this district is 18.84 cents per $100 of <br />assessed valuation. <br />c) The Fire District tax rates shall be set at the following rates (all rates are based on cents per <br />$100 of assessed valuation): <br />(1) <br /> FY 2009-10 Revenue <br />Neutral Rate FY 2009-10 <br />roved Tau Rate <br />Cedar Grove 6.36 6.36 <br />Chapel Hill 2.16 2.16 <br />Damascus 5.00 5.00 <br />Efland 4.66 4.66 <br />Eno 4.99 5.99 <br />Little River 4.06 4.06 <br />New Hope 5.70 5.70 <br />Orange Grove 3.58 3.58 <br />Orange Rural 5.36 5.36 <br />South Orange 7.85 7.85 <br />Southern Triangle 5.00 5.00 <br />White Crnss 5,05 6.00 <br />The Orange County Board of County Commissioners approved tax rate increases above the FY 2009- <br />10 revenue neutral rates for two fire districts, Eno and White Cross. It is the intent of the Board of <br />County Commissioners for Eno Fire District and White Cross Fire District to develop their FY 2010-11 <br />annual operating budgets based on the FY 2009-10 revenue neutral rate. For Eno Fire District, the <br />rate would be 4.99 cents per $100 assessed valuation. and for White Cross Fire District, the rate <br />would be 5.05 cents per $100 assessed valuation. <br />
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