ORD-2008-081 - Fiscal Year 2008-2009 Budget, Capital Project and Grant Project Ordinances

Browse Search

10 Section IV. Tax Rate Levy There is hereby levied for the fiscal year 2008 -09 a general county -wide tax rate of 99.8 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 7.30 Chapel Hill 4.90 -- --- - - -___ _ _ Damascus 6.00 Efland Eno Little River 5.225 _ 5.70 4.60 New Hope . _. _ �_...._ _ - ____ -- 6.75 Orange Grove 4.20', Orange Rural 6.30; _ __._..._ . _._..:._------- South Orange .. _... _ _------- __.___ -- — - -- - -- - - -- 9.50 Southern Triangle - - - — — 6.00; White Cross 6.00 ,Chapel Hill - Carrboro School District 23.00 Section V. School Current Expense The current expense allocation for both school districts is $60,582,479. Of that total, there is hereby allocated a lump sum of $37,456,049 for Chapel Hill - Carrboro City Schools and $23,126,430 for the Orange County Schools. This appropriation equates to $3,200 per student based on the March 2007 North Carolina Department of Public Instruction certified average daily membership of 11,705 for Chapel Hill - Carrboro City Schools and 7,227 for the Orange County Schools. Section VI. School Recurring Capital Outlay The recurring capital outlay for both school districts is $2,570,635. There is hereby appropriated $1,579,005 for Chapel Hill - Carrboro City Schools for recurring capital. There is hereby allocated $991,630 for Orange County Schools for recurring capital. Section VII. Reserve for Fair Funding for Schools There is a Reserve for Fair Funding for Schools included in the Education function of the General Fund totaling $988,000. The Reserve fund is to be contractually distributed equally to the two school systems with Chapel Hill Carrboro City Schools receiving $494,000 and Orange County Schools receiving $494,000 to address school safety and health needs.