Orange County NC Website
3 <br /> Estimated amounts of revenues gained by the County & Special Taxing Districts: <br /> o Orange County $ 605,576 <br /> o Chapel Hill Carrboro City Schools $2,243,909 <br /> o All Fire Districts $ 463,584 <br /> o Chapel Hill Downtown Service District $ 27,424 <br /> o Durham $ 2,344 <br /> Estimated amounts of revenues lost by the Cities & Towns: <br /> o Carrboro $ 884,711 <br /> o Chapel Hill $2,235,750 <br /> o Hillsborough $ 147 299 <br /> , <br /> o Mebane $ 75,077 <br /> State law currently provides only finro options for the County to select. Some counties have <br /> successfully sought additional options that allow balance between the finro existing options. <br /> There are also counties that have agreements (Memoranda of Understanding) with their local <br /> municipalities that provide for a compromise position befinreen the finro existing options. <br /> If the County changed from the `Population' to the `Ad Valorem' option, it gains $717,977 and <br /> the towns give up $3,467,248. <br /> Using a cost sharing arrangement befinreen the towns to make the County whole based upon <br /> the percentage of sales taxes each town receives would provide the following impacts: <br /> Orange County $ 605,576 Increase <br /> Chapel Hill (66.41%) ($402,155) Decrease <br /> Carrboro (23.93%) ($144,890) Decrease <br /> Hillsborough ( 7.44%) ($ 45,040) Decrease <br /> Mebane ( 2.19%) ($ 13,270) Decrease <br /> Durham ( 0.04%) ($ 221) Decrease <br /> Certainly, no municipality desires a change from the current method selected by the County for <br /> sales tax distribution which would reduce their sales tax revenues. However, each municipality <br /> also remains at risk that the County might one day in the future select the other available option. <br /> Each year a future Board of County Commissioners will decide this issue within the authority <br /> granted by State law. There is an effort within the NC General Assembly (a NC Municipal <br /> League legislation goal) to put further limits on a County's ability to make this decision in the <br /> future. <br />