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• Represents an increase of$5.9 million from original current year budget of <br /> $180.0 million, which is a 3.29 percent increase from previous year original <br /> budget <br /> • Represents a $6.2 million decrease in the current year's amended budget <br /> Components of General Fund Budget <br /> General Fund Revenues........................ $182,554,881 <br /> General Fund Unassigned Fund Balance........... $ 3,366.309 <br /> General Fund Expenditures........................... $ (185,921,190) <br /> Net...................................... $ <br /> Orange County Budget <br /> Past 6 Fiscal Years (Graph) <br /> Proposed Ad Valorem Tax Rate Effective July 1, 2013 <br /> • Proposed tax rate of 85.8 cents per$100 of assessed valuation <br /> • This rate produces $137.8 million in property tax revenues for FY 2013-2014 <br /> • Overall Real Property Valuation increased 2.7% <br /> • One cent on property tax estimated to generate $1,606,869 <br /> Orange County Property Tax Revenues <br /> Past 6 Fiscal Years (Graph) <br /> Sales Tax Revenues <br /> • Recommended Sales Tax Revenues of$17.2 million is $1.5 million higher than the <br /> $15.7 million budgeted in FY 2012-2013 due to an expected 2 to 3 increase in consumer <br /> spending , and current year projections <br /> • Actual sales tax revenues are down over 31% since the peak of$22.5 million in fiscal <br /> year 2007-2008 <br /> Orange County General Fund <br /> FY 2013-14 Revenues (Graph) <br /> Proposed Chapel Hill-Carrboro City Schools District Tax Rate Effective July 1, 2013 <br /> • Recommended tax rate of 18.84 cents per$100 of assessed valuation <br /> • Represents no increase in the property tax rate for the District <br /> - Recommended tax rate will generate $19.4 million for the Chapel Hill — Carrboro City <br /> School District <br /> • This represents an additional $1,584 per pupil above the County's allocation <br /> • One cent on district tax is estimated to generate $1,029,085 <br /> Recommended Funding for Chapel Hill - Carrboro City and Orange County Schools <br /> • Total General Fund appropriation totals $87.8 million <br /> • Funds day-to-day operations, repayment of school related debt, and capital <br /> • Equals an appropriation of 48.1 percent of total General Fund Revenues <br /> • Reflects $2.4 million increase from current year General Fund appropriation <br />