Agenda - 11-04-2010 - 7b - Laserfiche WebLink

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1 ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: November 4, 2010 Action Agenda Item No. � ' b SUBJECT: Follow-up on the November 2, 2010 Special Advisory Referendum Concerning the Levy of a One-Quarter Cent (1/4¢) County Sales and Use Tax and Discussion of Potential Next Steps Pending Outcome of the Referendum DEPARTMENT: Manager & Financial Services PUBLIC HEARING: (Y/N) No ATTACHMENT(S): INFORMATION CONTACT: Attachment 1: 6/15/10 Resolution Calling Frank Clifton, County Manager, a Special Advisory 245-2300 Referendum Concerning Clarence Grier, Financial Services, the Levy of a One-Quarter (919) 245-2453 Cent County Sales and Michael Talbert, Financial Services, Use Tax (919) 245-2153 Attachment 2: North Carolina General Statute—Article 46 One- Quarter Cent County Sales and Use Tax Attachment 3: 9/2/10 Resolution Regarding Uses of Potential Revenues from a One-Quarter Cent (1/4) County Sales and Use Tax PURPOSE: To follow-up on the November 2, 2010 Special Advisory Referendum Concerning the Levy of a One-Quarter Cent (1/4¢) County Sales and Use Tax, and if approved by voters, discuss the next steps/course of action required by the Board of Commissioners to proceed with scheduling a public hearing to consider a resolution to levy the One-Quarter Cent (1/4¢) Sales and Use Tax. BACKGROUND: During the 2007 legislative session, the North Carolina General Assembly granted county boards of commissioners the authority to levy, subject to voter approval, an additional one-quarter cent (1/4¢) county sales and use tax referred to as the Article 46 sales and use tax. As authorized by the General Assembly, the Article 46 sales tax cannot apply to consumer food purchases. There is also no legislative requirement, or mechanism, for counties to share the additional one-quarter cent sales tax with municipalities.