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2008-09 Budget Drivers The list below is intended to give the Board a preliminary outlook of budget drivers that will potentially affect the County's fiscal year 2008-09 budget. Given the fact that it is very early in the budget planning process, the list is not intended to be all- inclusive at this point. Staff plans to update the Board on a regular basis between now and the time that the Manager's fiscal year 2008-09 budget is presented to the Board in mid-May 2008. Debt Service Increase Student Membership Increase Implementation of County Classification, Pay & Benefits Study Full Year Funding of Durham Technical Community College Operations Reduction in Medicaid Expenditures Reduction in Sales Tax Revenues Operational Increases Related to Opening New Schools and County Facilities including Parks Greene Tract Repayment New Landfill RegulationslGarbage Tax Solid Waste Management Planning Work Group Recommendations Development of New Transfer Station/Ancillary Facilities New Highway 57 Solid Waste Convenience Center Rogers Road Community Enhancements Value Added Shared Use Processing Facility Library Services Task Force Report Full Funding of Capital Funding Policy Discussion ensued on the uncertainty of the Medicaid relief from the State. Commissioner Jacobs asked about the status of lottery proceeds and Donna Coffey said that the County has not received a deposit this year so far. She hopes to get something by the end of October. Commissioner Gordon asked when the lottery proceeds issue would be resolved and Donna Coffey said that she hopes by the end of the calendar year. She said that budget directors across the state will have a conference in December and there should be some information. Commissioner Gordon said that it is very important for the information, when it is received, to be conveyed to the public. Commissioner Nelson asked about "garbage tax" and it was answered that this is the $2 per ton tipping fee. Commissioner Nelson asked that the correct term be used because "garbage tax" is used by the opponents of this fee, which is not a tax, that is being used to clean up old landfills in the State that have been abandoned. Graph #8: This is a historical perspective of the revenue flow over the past ten years. The reliance on property taxes has been stable over the last ten years. Graph #9: This is a historical look on the ad valorem property tax rate. One penny in 1998-99 brought in $650,000 and one penny in the current year brings in $1,248,000. Graph #10: This is the tax rate equivalent of appropriated fund balance. In 2000-01, the State took away the intangibles tax, and the County used almost 5.5 cents in fund balance to cover this. There has been no fund balance appropriated in the last few years. The fund balance last year was at 10.5°~. Graph #11: Projected sales tax revenue.