Agenda - 06-08-2010 - 1 - Laserfiche WebLink

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Fire Districts' Tax Rate Recommendations for FY 2010-11 Current Manager Recommended Fund Recommended Balance 2009-10 Recommended 1 Cent 1I10 Cent Fund Balance District Tax Rate Tax Rate for Tax Rate Change Equals Equals Allocation for Amount as Reason for Increase (in cents) 2010-11 for 2010-11 2010-11 of June 30, 2009 Orange Grove 3.58 3.58 0.00 $ 74,692 $ 7,469 $ - $ 12,109 This is a temporary Eax rate increase for one yea�in ortler to fund construction of . a new fire station(Station#3). The tax rate would return to the current rate of 5:36 cents in FY 201'1-12. The need for this station has become more apparent ' as insuranee companies have'started;o question homeowners about the distance Orange Rural' 5.36 6136 1.00 $ 120,395, $ 12,040' $ = $ 42,458 to;the nea�est fire station. When homes are further than six miles from the nearest fire station,insurance.companies consider these as unprotectetl property: and either ehoose not to insute them or charge exceptionalfy high rates. The department has purchased the land that will house the new station fhrough savings as not to further burden the taxpayers,and the new station will be located in°an area that will help to belfer serve the Central Orangefire district. South Orange 7.85 7.85 0.00 $ 53,591 $ 5,359 $ - $ 23,387 Southern Triangle 5.00 5.00 0.00 $ 33,206 $ 3,321 $ - $ 57,674 White Cross 6.00 6.00 0.00 $ 36,298 $ 3,630 $ - $ 3,645 �i I $ 237,880 �'�After FY 2010-11,the New Hope fire district will lose approximately$40,000/year in fire tax revenue over a 3 year period from Chapel , Hill,Carrboro,and Durham related to previous annexation payment commitments expiring. I � z � �