ORD-2008-085 - Summary of Grant Project Ordinances Fiscal Year 2008-09

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Revenues: 1. n e- Reaucuon Emsea on Lower uperaung Costs Asso 7.30 • O nin of Hillsborou h Commons 226,247.00 2 Au Valorem ax - e uce rom ecommen e Kate cen per 6.00 • valuation to 99.2 cents er $100 valuation 5,061421.00 Total Changes to mmended Revenues S , .00 3) The total current expense appropriation for Schools is $60,582,479. The appropriation to the Chapel Hill- Carrboro City Schools is $37,456,049 and the appropriation to the Orange County Schools is $23,126,430. The per pupil allocation is approved at $3,200.. 4) The recurring capital outlay for both school districts is $2,570,635 and 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. 5) The County's ad valorem contribution to Chapel Hill Carrboro City Schools and Orange County Schools.,totals $90,180,363 or 49.3% of the County's total General Fund budget of $183,005,580. 6) The Ad Valorem property tax rate shall be set at 99.8 cents per $100 of assessed valuation, an increase of 4.8 cents over the fiscal year 2007 -08 rate of 95 cents. 7) The Chapel Hill - Carrboro City School District Tax shall be set at 23 cents per $100 of assessed valuation, an increase of 2.65 cents over the fiscal year 2008= 09 rate of 20.35 cents per $100 assessed valuation. The Chapel Hill - Carrboro Board of Education's 2008 -09 requested budget included a 7.06 cent increase in the special district tax. rate. 8) The Fire District tax rates shall be set at the following rates (all rates are based on cents per $100 of assessed valuation): • 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