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GRANGE CGUNTY <br />BOARD OF COMMISSiGNERS <br />AGTi~N AGENDA ITEM ABSTRACT <br />Meeting Date: March 15, 2011 <br />Action Agenda <br />item No. (o ° Q <br />SUBJECT: Public Hearing. on Possible November 8, 2011 Special Advisory Referendum <br />Concernin the Lev of acne-Quarter Cent X114¢} Count Sales and Use Tax <br />DEPARTMENT: Manager & Financial Services PUBLIC HEARING: ~Y~N} Yes <br />ATTACHMENT(S): <br />Draft Resolution Scheduling a Special <br />Advisory Referendum Concerning the <br />Levy of aOne-Quarter Cent (1/4¢) <br />County Sales and Use Tax (For <br />Information Purposes Only) <br />North Carolina General Statute - One- <br />Quarter Cent (1/4¢) County Sales <br />and Use Tax <br />iNFQRMATi~N CONTACT: <br />Frank Clifton, County Manager, 245-2300 <br />Clarence Grier, Financial Services <br />Director, 245-2453 <br />Michael Talbert, Deputy Financial <br />Services Director, 245-2153 <br />PURPOSE: To: <br />1} Conduct a public hearing to solicit comments from the public on a possible November 8, <br />2011 Special Advisory Referendum Concerning the Levy of acne-Quarter Cent X114¢} <br />County Sales and Use Tax; <br />2} Direct staff to place the attached Draft Resolution Scheduling a Special Advisory <br />Referendum Concerning the Levy of a one-Quarter Cent X114¢} County Sales and Use <br />Tax on the April 5, 2011 regular meeting agenda for Board action; and <br />3} In preparation for possible Board approval of the referendum resolution at the April 5, <br />2011 regular Board meeting, schedule and direct staff to move forward with public <br />notices for a publichearing at the same April 5, 2011 meeting on the possible uses for <br />the potential proceeds from the additional sales tax if approved by the voters. <br />BACKGRaUND~ Local governments in North Caralina have historically relied heavily upon ad <br />valorem property taxes as their mayor 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 />Caralina General Assembly for legislative authority to expand counties' revenue options, <br />thereby lessening counties' reliance an property taxes. <br />During the 2007 legislative session, the North Carolina General Assembly granted county <br />boards of commissioners the authori#y to levy, subject to voter approval, an additional one- <br />quarter cent X114¢} county sales and use tax. As authorized by the General Assembly, the new <br />sales tax cannot apply to consumer food purchases. There is also no legislative requirement, <br />