Agenda - 06-07-2012 - 1 - Laserfiche WebLink

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• • S . . Fire Districts' Tax Rates for FY 2012-13 Current Requested Requested Fund Balance District 2011-12 Tax Tax Rate for 1 Cent 1/10 Cent Fund Balance Estimated at Reasons for Districts' Requesting a Tax Rate Increase Rate(in 2012-13 Equals Equals for 2012-13 June 30,2012 cents) Cedar Grove 7.36 7.36 $ 27,353 $ 2,735 $ - $ 17,910 Chapel Hill 7.50 7.50 $ 228 $ 23 $ 1,996 Damascus 5.00 5.00 $ 9,180 $ 918 $ - $ 8,431 Efland 4.66 4.66 $ 66,551 $ 6,655 $ - $ 49,284 Eno 5.99 5.99 $ 70,546 $ 7,055 $ - $ 90,163 Little River 4.06 4.06 $ 41,341 $ 4,134 $ - $ 29,517 New Hope 8.95 8.95 $ 55,882 $ 5,588 $ - $ 35,990 The increase of.92 cents in FY 2012-13 is the first year of a two year plan to increase the tax rate a total of 1.92 cents,to a rate of 6.00 cents beginning in FY 2013-14. The increase is needed to help cover the costs of land, Orange Grove 4.08 5.00 $ 75,160 $ 7,516 $ $ 11,427 construction of Station#3 in the western portion of the district,and purchases of equipment and two additional fire trucks over the next two fiscal years for the new station. fl Orange Rural 5.61 5.61 $ 123,620 $ 12,362 $ 10,911 $ 66,196 South Orange 7.85 7.85 $ 54,027 $ 5,403 $ - $ 60,920 Southern Triangle 5.00 5.00 $ 33,495 $ 3,350 $ - $ 78,638 White Cross 7.00 7.00 $ 36,825 $ 3,683 $ - $ 20,373 $ 470,845 co