ORD-2008-082 - Fiscal Year 2008-09 Budget Ordinance

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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 5.225 Eno 5.70 Little River 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.