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5 <br /> 1 Proposed Ad Valorem Tax Rate Effective July 1, 2012 <br /> 2 <br /> 3 - Proposed tax rate of 85.8 cents per$100 of assessed valuation <br /> 4 This rate produces $136.9 million in property tax revenues for FY 2012-2013 <br /> 5 Overall Real Property Valuation increased 1.1% <br /> 6 <br /> 7 - One cent on property tax estimated to generate $1,574,232 <br /> 8 <br /> 9 Orange County Property Tax Revenues <br /> 10 Past 5 Fiscal Years (chart) <br /> 11 <br /> 12 Sales Tax Revenues <br /> 13 • Recommended Sales Tax Revenues of$15.7 million is 3% higher than the $15.3 million <br /> 14 budgeted in FY 2011-2012 <br /> 15 • Actual sales tax revenues are down over 30% since the peak of $22.5 million in fiscal <br /> 16 year 2007-2008 <br /> 17 <br /> 18 Orange County General Fund FY 2012-13 Revenues (chart) <br /> 19 <br /> 20 Proposed Chapel Hill-Carrboro City Schools District Tax Rate Effective July 1, 2012 <br /> 21 Recommended tax rate of 18.84 cents per$100 of assessed valuation <br /> 22 ✓ Represents no increase in the property tax rate for the District <br /> 23 Recommended tax rate will generate $19.1 million for the Chapel Hill — Carrboro <br /> 24 School District <br /> 25 ✓ This represents an additional $1,577 per pupil above the County's <br /> 26 allocation <br /> 27 One cent on district tax is estimated to generate $1,013,877 <br /> 28 <br /> 29 Recommended Funding for Chapel Hill -Carrboro City and Orange County Schools <br /> 30 Total General Fund appropriation totals $84.2 million <br /> 31 Funds day-to-day operations, repayment of school related debt, and capital <br /> 32 Equals an appropriation of 47.16 percent of total General Fund Budget <br /> 33 • Reflects $101,278 net increase from current year General Fund appropriation <br /> 34 due to a decrease in debt service and passing the debt service savings on to the <br /> 35 school districts <br /> 36 • Equates to $3,102 per student for each of the 19,700 students in both districts <br /> 37 for day-to-day operating funds <br /> 38 <br /> 39 Additional Funding for Local Schools <br /> 40 <br /> 41 In addition to the $84.2 million for operations, debt and capital, recommended budget <br /> 42 allocates $1.9 million to fund non-mandated safety net initiatives for both school districts <br /> 43 Some of these initiatives are: <br /> 44 School Health Nurses - $683,706, an increase of$49,374 <br /> 45 School Resource Officers - $531,405, an increase of$1,995 <br /> 46 School Social Workers -$692,283, an increase of$49,909 <br />