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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: August 19, 2010 <br />Action Agenda <br />Item No. <br />SUBJECT: Discussion on Proposed Uses for the Potential One-Quarter Cent Sales Tax <br />Revenues from a November 2, 2010 Special Advisory Referendum Concerning <br />the Levy of aOne-Quarter Cent (1/4¢) County Sales and Use Tax <br />DEPARTMENT: Manager & Financial Services PUBLIC HEARING: (Y/N) No <br />ATTACHMENT(S): <br />Attachment 1: 6/15/10 Resolution Calling <br />a Special Advisory <br />Referendum Concerning <br />the Levy of aOne-Quarter <br />Cent County Sales and <br />Use Tax <br />Attachment 2: North Carolina General <br />Statute -Article 46 One- <br />Quarter Cent County <br />Sales and Use Tax <br />Attachment 3: General Assembly of <br />North Carolina Session <br />Law 2010-95 An Act to <br />Make Technical, <br />Clarifying, and <br />Administrative Changes to <br />The Tax and Related <br />Laws <br />INFORMATION CONTACT: <br />Frank Clifton, County Manager, <br />245-2300 <br />Clarence Grier, Financial Services, <br />(919) 245-2453 <br />Michael Talbert, Financial Services, <br />(919) 245-2153 <br />PURPOSE: To discuss proposed uses for the potential One-Quarter Cent sales tax revenues <br />from a November 2, 2010 Special Advisory Referendum Concerning the Levy of aOne-Quarter <br />Cent (1/4¢) County Sales and Use Tax. <br />BACKGROUND: Local governments in North Carolina have historically relied heavily upon ad <br />valorem property taxes as their major source of revenue. For a number of years, the Orange <br />County Board of County Commissioners, the North Carolina Association of County <br />Commissioners and many other local governing boards across the state lobbied the North <br />Carolina General Assembly for legislative authority to expand counties' revenue options, <br />thereby lessening counties' reliance on property taxes. <br />During the 2007 legislative session, the North Carolina General Assembly granted county <br />boards of commissioners the authority to levy, subject to voter approval, an additional one- <br />