Orange County NC Website
Browse       Search
7 <br /> - Chapel Hill - $4,209,827 (15.79%) <br /> - Carrboro - $1,476,629 (5.54%) <br /> - Hillsborough - $610,438 (2.29%) <br /> - Mebane - $124,739 (0.47%) <br /> - Durham - $5,289 (0.02%) <br /> - CHCCS - $2,439,626 (9.15%) <br /> - Fire Districts - $413,579 (1.55%) <br /> - Chapel Hill Downtown District- $21,579 (0.08%) <br /> Increased Sales Tax Revenues <br /> ❑Orange County <br /> ❑Chapel Hill Carrboro City Schools <br /> D AM Fire Districts <br /> ❑Chapel Hill Downtown District <br /> Decreased Sales Tax Revenues <br /> - All Cities & Towns <br /> Timing for Fiscal 2010/2011 <br /> - BOCC by Resolution <br /> o Determine which Method of Distribution will apply for Fiscal 2010/2011. <br /> o Decision by the end of April, 2010 <br /> Recommendation <br /> No Change in the Distribution of Sales Tax Revenues for the 2010/2011 Fiscal Year <br /> Frank Clifton said that he thinks the Board of County Commissioners adopted this <br /> method probably about 20 years ago. He said that he does not know if this was ever looked at <br /> again. He said that a change now would create a huge budget impact on the towns. The <br /> County would only benefit by about $1 million if the methodology were to change. He said that <br /> if any of the economic development districts were to receive commercial development, the <br /> towns would benefit by getting a larger portion of sales tax. He said that the population <br /> method does benefit the towns greatly. <br /> Commissioner Yuhasz said that he would like to know the situation that surrounded the <br /> last time the Board of County Commissioners approved this method. <br /> Commissioner Hemminger suggested putting this on a February agenda each year to <br /> review. Frank Clifton said that they could do an estimate, but the State has to certify the <br /> assessed values from all entities and it is not available until March. <br /> Chair Foushee suggested getting this information sooner rather than later, as soon <br /> after March 1st as possible. <br />