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Schools receive the equivalent of approximately 2 cents on the tax rate for recurring capital. This <br />amount is distributed to each district based on its share of the total number of students. For fiscal <br />year 2013 -14, the approved budget provides total funding for recurring capital at $3.0 million. Of the <br />total, recurring capital for the Chapel Hill - Carrboro City Schools equals $1,845,000, and Orange <br />County Schools' allocation is $1,155,000. <br />Long -Range Capital and School Capital Projects <br />The County plans and programs long -range school capital funding through the County's Capital <br />Investment Plan (CIP). Projects are funded by a combination of State and local bonds, non -bond <br />financing and pay -as- you -go funding sources. The latter include dedicated half -cent sales tax <br />revenues and property tax earmarked under the Board's Capital Funding Policy. <br />Debt Service <br />These funds repay principal and interest due on School related debt including general obligation <br />bonds and private placement loans. <br />Durham Technical Community College (DTCC) <br />The Orange County Satellite Campus of Durham Technical Community College, located at the <br />Waterstone Development located just south of Hillsborough off Highway 86, opened in May 2008. <br />As with local school districts, counties in North Carolina are responsible for supplementing state and <br />federal appropriations to community colleges. For the most part, counties are responsible for day -to- <br />day operating costs such as utilities, security and custodians. Counties are not responsible for <br />teaching staff. <br />The approved budget provides a total of $885,843 to DTCC for fiscal year 2013 -14. This includes <br />current expense funding of $540,000, recurring capital of $50,000 and debt service allocations of <br />$295,843. <br />ME <br />