Orange County NC Website
Browse       Search
ORANGE COUNTY BOARD OF COMMISSIONERS <br /> PROPOSED--A Resolution Regarding Uses of Potential Revenues <br /> from a One-Quarter Cent (1/4¢) County Sales and Use Tax <br /> WHEREAS, there are significant pressing infrastructure, economic development, school, and <br /> other County capital needs that are precipitated by growth pressures and the new economic <br /> reality facing Orange County; and <br /> WHEREAS, it is important to provide Orange County taxpayers with alternatives to the <br /> pressure to raise property taxes to address these and other County needs; and <br /> WHEREAS, the levy of a Article 46 one-quarter cent (1/4¢) County sales and use tax would <br /> provide a new County revenue source and would generate approximately $2,500,000 <br /> annually for the County; and <br /> WHEREAS, it is important for Orange County to plan for future economic development that <br /> will enable the County to recruit, retain, grow, and generate businesses and jobs that are <br /> desirable; and <br /> WHEREAS, it is important that Orange County expand collaboration and cooperation of <br /> economic development efforts and decisions between Orange County and the towns of <br /> Chapel Hill, Carrboro and Hillsborough and the cities of Mebane and Durham; and <br /> WHEREAS, it is important for Orange County to meet public school needs; and <br /> WHEREAS, the Board of Commissioners establishes a ten-year commitment to allocate <br /> Article 46 one-quarter cent (1/4¢) County sales and use tax proceeds as follows: <br /> a. 50% of the funding will be allocated in an equitable manner between the County's two <br /> school systems, based on the Average Daily Membership of each school system, <br /> for the dedicated purpose of funding capital projects, including but not limited to <br /> facility improvements at `older' schools and the procurement of technology. The <br /> Board requests that each school system furnish the Board of Commissioners with a <br /> detailed list of prioritized projects that could be completed with anticipated funding <br /> over the next ten years. The Board will evaluate the projects and approve a ten-year <br /> plan which will be incorporated into the County's Capital Investment Plan. As part of <br /> the Capital Investment Plan annual review, progress will be evaluated annually and <br /> adjustments made according to needs agreed upon by the School Boards and Board <br /> of County Commissioners; <br /> b. 50% of the funding will be allocated to Economic Development initiatives as follows: <br /> 1. 60% of the funding will be allocated to utility infrastructure <br /> 2. 20% of the funding will be allocated to recruit and locate new businesses in <br /> Orange County <br />