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SCHOOL CAPITAL NEEDS FINANCING OPTIONS <br /> * Late June - Board of Commissioners formally adopts 1996-2006 CIP, <br /> reflecting discussion and decisions to date on long-term school capital <br /> needs . <br /> * Mid-August - Board of Commissioners receives report on long-term <br /> financing options . <br /> * Mid-August - Considering decisions on capital needs and finance <br /> approaches to be pursued, Board of Commissioners makes final decisions <br /> about conducting a possible election to expand permissible uses of <br /> Chapel Hill-Carrboro district tax. <br /> CHANGES IN PERMISSIBLE USES OF CHCCS DISTRICT TAX PROCEEDS <br /> * Aug-Nov - If decision is made to pursue election, CHCCS conduct <br /> public education effort on reasons to expand use of district tax <br /> * Nov 7 - Election concerning district tax changes . <br />