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4. Allocate impact fees directly to the school districts, outside of the 60140 <br />formula, to be used for "pay as you go funding" for school construction. <br />II. Operating <br />5. The Work Group supports the "reserve fund" of $800,000 recommended by <br />the County Manager, but with the funding considered over and above the 48.1 °~ target. <br />This reserve funding could be used for services and programs such as (but not limited <br />to) middle college, transportation of students between districts, other collaborative <br />initiatives, and health and safety positions. The outcome should at least maintain the <br />current levels of any services in either district. <br />6. Add one cent to the general ad valorem tax to provide additional funding for <br />the school districts in budget year 2006-2007. This one-cent increase should be treated <br />as additional funding over and above the 48.1 % target. <br />7. Commit to an additional one-cent increase to the general ad valorem tax over <br />and above the previous year's increase to provide supplemental funding to the school <br />districts for 2007-2008 and 2008-2009, with these increases to be treated as additional <br />funding over and above the 48.1 % target (e.g., the total increase in the general ad <br />valorem tax would be two cents for 2007-2008 and three cents for 2008-2009). <br />Reevaluate the impact on fair funding at the end of this three-year period. <br />Commissioner Carey asked if this proposal was presented as a reasonable and <br />satisfactory resolution to the fair and equitable funding debate that has gone on for the <br />last three years. Libby Hough said that it is a start, but it will not be fixed overnight. The <br />charge of the work group was to address this year's budget cycle. <br />John Link verified that item #1 is basically recommending adding another two <br />cents to the tax rate that he recommended. He reduced his recommended tax increase <br />by two cents by budgeting lottery proceeds as revenue for the upcoming fiscal year. <br />Discussion ensued on the use of the $800,000 reserve and if it would have to be <br />allocated on a per pupil basis. <br />With no other items to discuss, a motion was made by Commissioner Halkiotis, <br />seconded by Commissioner Carey to adjourn the meeting at 10:09 p.m. <br />Barry Jacobs, Chair <br />Donna S. Baker <br />Clerk to the Board <br />