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4 <br /> 1 • Recommended Sales Tax Revenues of$17.2 million is $1.5 million higher than the <br /> 2 $15.7 million budgeted in FY 2012-2013 due to an expected 2 to 3 increase in consumer <br /> 3 spending , and current year projections <br /> 4 • Actual sales tax revenues are down over 31% since the peak of$22.5 million in fiscal <br /> 5 year 2007-2008 <br /> 6 <br /> 7 Orange County General Fund <br /> 8 FY 2013-14 Revenues (Pie chart) <br /> 9 <br /> 10 Proposed Chapel Hill-Carrboro City Schools District Tax Rate Effective July 1, 2013 <br /> 11 • Recommended tax rate of 18.84 cents per $100 of assessed valuation <br /> 12 - Represents no increase in the property tax rate for the District <br /> 13 • Recommended tax rate will generate $19.4 million for the Chapel Hill — Carrboro <br /> 14 School District <br /> 15 - This represents an additional $1,584 per pupil above the County's allocation <br /> 16 • One cent on district tax is estimated to generate $1,029,085 <br /> 17 <br /> 18 Recommended Funding for Chapel Hill - Carrboro City and Orange County Schools <br /> 19 • Total General Fund appropriation totals $87.8 million <br /> 20 - Funds day-to-day operations, repayment of school related debt, and capital <br /> 21 - Equals an appropriation of 48.1 percent of total General Fund Revenues <br /> 22 - Reflects $2.4 million increase from current year General Fund appropriation <br /> 23 - Equates to a current expense allocation of$3,188 per student for each of the 19,908 <br /> 24 students in both districts for day-to-day operating funds and projected enrollment <br /> 25 growth. <br /> 26 <br /> 27 County Education Funding <br /> 28 Fiscal Year Oriqinal Budqet General Fund % Of Revenues <br /> 29 2008-2009 $90,447,942 50% <br /> 30 2009-2010 $86,378,040 48.6% <br /> 31 2010-2011 $87,135,916 49.8% <br /> 32 2011-2012 $84,175,033 47.5% <br /> 33 2012-2013 $85,455,533 48.1% <br /> 34 2013-2014 $87,812,103 48.1% <br /> 35 Current Expense, Recurring and Long — Range Capital, Fair Funding and Debt Service <br /> 36 <br /> 37 Additional Funding for Local Schools <br /> 38 • In addition to the $87.8 million for operations, debt and capital, recommended budget <br /> 39 allocates $1.9 million to fund non-mandated safety net initiatives for both school districts <br /> 40 Some of these initiatives are: <br /> 41 - School Health Nurses - $683,706 <br /> 42 - School Resource Officers - $545,514 <br /> 43 - School Social Workers - $692,283 <br /> 44 • With these additional non-mandated funding initiatives, the total funding for the local <br /> 45 school districts total 49.2% of the General Fund Revenues <br /> 46 <br /> 47 Major Funded County Initiatives <br /> 48 • Maintains all County services at current levels <br /> 49 • Funds the increase in medical insurance and fully funds the 401(k)/457 plans for non- <br /> 50 sworn employees <br />