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Article 46 Sales Tax <br />The Article 46 One - Quarter Cent (1/4 cent) County Sales and Use Tax was approved by Orange County <br />voters in the November 2011 election, and became effective April 1, 2012. A Special Revenue Fund <br />has been established to receive and account for the One - Quarter Cent (1/4 cent) Sales and Use Tax <br />proceeds. The sales and use tax is estimated to generate approximately $2.5 million annually with <br />proceeds divided 50% to the County's two school systems and 50% to Economic Development <br />initiatives. The funds will remain separate from the County's General Fund to allow for more isolated <br />and accurate tracking of revenues and expenditures. The Board of County Commissioners approved a <br />ten -year commitment to allocate the proceeds as follows: <br />50% of the funding will be allocated in an equitable manner between the County's two school <br />systems, based on the Average Daily Membership (ADM) of each school system, for the <br />dedicated purpose of funding capital projects, including but not limited to, facility improvements <br />at older schools and the procurement of technology. <br />50% of the funding will be allocated to Economic Development initiatives. <br />The tables below reflect proposed uses of the anticipated proceeds by the two school systems and <br />Economic Development in FY 2013 -14: <br />School Systems Proposed Use for FY 2013 -14 <br />Amount <br />Technology — Student Access Computing Devices <br />(Chapel Hill - Carrboro City Schools) <br />$ 405,746 <br />Property Repairs Identified in Facilities Assessment <br />(Chapel Hill - Carrboro City Schools) <br />$ 405,746 <br />Technology — 1:1 Laptops Initiative (District -Wide — <br />Orange County Schools) <br />$ 508,008 <br />TOTAL <br />$1,319,500 <br />W401 <br />