Agenda - 05-30-2013 - 2 - Laserfiche WebLink

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Additionally, the Chapel Hill — Carrboro City School District has requested the Board of County Commissioners consider an increase in the special district property tax rate to fund their budget request. If approved the revenues generated by an increase in the special district tax would be as follows: Property Tax Per Pupil Tax Increase Revenues Generated Equivalency 1 cent $1,029,085 $84.06 2 cents $2,058,170 $168.12 5.5 cents $5,659,968 $462.34 *Based on 12,242 projected students for the Chapel Hill — Carrboro City School District Both school districts have available fund balance they could use to fund their budget needs. The Board can authorize each school district to use excess fund balance to address their needs. The estimated excess fund balance for each school district is as follows: Estimated Excess Existing Fund Above Established Balance Minimum Chapel Hill Carrboro City Schools - 5.5% local funding minimum requirement Orange County Schools - 3% local funding minimum requirement $ 6,123,908 $ 2,643,524 $ 4,207,417 $ 3,378,271 Details regarding recommended funding levels for local school districts and Durham Technical Community College are located in the Education section of the budget document. County Programs and Services We remain committed to maintaining core county services. Orange County residents continue to face economic challenges even in a slow improving economy. Those least able to provide for themselves and their families turn to the County for assistance. During difficult financial times, the County serves as a safety net assisting residents with food, shelter, and medical services. We maintain these services at current levels. The recommended budget proposes some changes in the way Orange County does business. As we have gone through balancing the budget, we modified some services. We evaluated opportunities to become more efficient. You will find specific information regarding recommended changes in each department's section of the document. Major initiatives in FY 2013 -14 are as follows: The functions of General Government & Management, General Services, Human Services, Community and Environment do not face major reductions or many new initiatives in the FY 2013 -14 budget. Human Service functions still can be further impacted by Federal and State budget decisions.