Orange County NC Website
Education Funding <br />Overview <br />• Overall funding for both School districts totals $79.8 million <br />- 48.4 percent of total General Fund appropriations <br />-Increase of $7.6 million from fiscal year 2005-06 approved budget for operations <br />and capital <br />Education Funding <br />Current Expense <br />• Total current expense funding equals $53.8 million <br />- Chapel Hill-Carrboro Schools - $33.1 million <br />- Orange County Schools - $20.7 million <br />Per pupil appropriation totals $2,957 <br />- Reflects an increase of $161 for each of the 18,192 students projected for next <br />year <br />• Increase is sufficient to cover cost of Governor's most recent pay plan that provides <br />an 8 percent pay increase for teachers and certified staff <br />Per Pupil Allocations to Each District <br />State Mandated Funding Formula [table] <br />Fair Funding for Schools Reserve $800,000 <br />• Fair Funding Work Group established jointly by Commissioners and Boards of <br />Education in April 2006 <br />- Group meeting in May and June, possible recommendations pending <br />Reserve provides Commissioners with some flexibility to consider providing additional <br />resources to bath school districts <br />- E.g. should County pick up costs for school resource officers now paid by schools <br />In light of continuing Fair Funding discussions, recommending that Chapel Hill <br />Carrboro City Schools District Tax remain at current rate of 18.34 cents per $100 <br />valuation <br />Debt Service <br />• Net increase amounts to $3.7 million <br />- Equivalent of 3 cents on the countywide property tax rate <br />• Between last year at this time and next year at this time, County will have issued <br />$92.6 million in new debt for school and County projects <br />Debt Funded Projects (table] <br />