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Graph 11 shows the projected sales tax revenues and also, because of Medicaid relief/sales tax swap, the sales taxes will start to go down next year. Graph 12 shows the annual sales tax collections by component (Articles 39, 40, 42, and 44). Graph 13 also shows the County's reliance on property taxes. Sixty-nine percent of the total general fund revenues are property taxes. If nothing else changes, if there are no new local revenue options approved and if sales taxes continue the way that they are, in five years, 76% of the total general fund budget will be made up of property taxes. Graph 14 is a comparison of growth in the annual general fund budget and real property valuation. Donna Coffey made reference to the goldenrod sheet, which listed the preliminary budget drivers for 2008-09. Some of the cost projections were not complete. Of those that were complete, they totaled $18.6 million, which is 14.4 cents per $100 valuation. She reviewed each line of the handout. Laura Blackmon asked if the Board had things to add to the list. Commissioner Gordon said to add any operational increases in facilities in the County. Commissioner Foushee said that she would like to get some idea of GASB 45 implications and Donna Coffey said that the staff is looking into that. Commissioner Nelson said that there has been discussion recently about dissolving some properties the County owns and Laura Blackmon said that the staff is compiling a list. She said that some buildings are still occupied, and the only facility that is vacant is the old ABC store on Highway 49. Commissioner Gordon made reference to some county buildings that are vacant or may become vacant, including the Valley Forge site, Northside, Purchasing, and Whitted. She asked for a list of properties that have the potential of being disposed of. She referred to the space study in 2001 that had lists and pictures of all county facilities. She said that it would be helpful to have this list updated and asked staff to provide an updated list of county facilities.. Laura Blackmon said that the list could be ready for the next budget work session, March 12th. Chair Jacobs asked that this be plugged into the budget process. 2. 2008-18 Proposed County and Schools' Capital Investment Plan — Unfunded Needs This was Attachment 4. Laura Blackmon said that on the unfunded needs for the next ten years, there is a shortfall. She wants to talk about the potential for funding these shorttalls. Donna Coffey made reference to the back side of the first page and said that line 21 should read, "Total Unfunded County Projects Costing Less than $5,000,000" and not $500,000. Everywhere this is referenced in the document should have $5,000,000. This was an oversight. Laura Blackmon said that the staff thought it might be a useful exercise to see if pay-as- you-go funds could be used for unfunded projects costing less than $5 million. This is just an exercise for discussion. Commissioner Gordon said that the Board already went through the list of projects and flagged some for consideration for unfunded projects. Laura Blackmon said that the process was very hurried, and she would like to have a more methodical approach. Chair Jacobs asked Laura Blackmon how she envisioned that the previously flagged projects would fit into her scenario. Laura Blackmon listed some of the ones that were flagged: Twin Creeks at $9.6 million, Smith Middle School, Carrboro High School additions at $13 million, Culbreth Middle School science labs at $3.5 million, and Elementary#11 at $30.8 million. Donna Coffey said that there were other comments made by the Board of County Commissioners and the staff would handle those comments, once the Board adopts the CIP, and the changes could be made.