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2 <br /> Section 115C-508 of the North Carolina General Statutes provides that if the voters approve <br /> expanding the use of the district tax to include capital outlay, "the tax so authorized shall be levied <br /> and collected beginning with the fiscal year commencing July 1 next following such election". <br /> Accordingly, if approved by the voters on November 5, 1996,the Chapel Hill-Carrboro District Tax <br /> could be used for capital outlay, as well as current expense, for the fiscal year beginning July 1, 1997. <br /> RECOMMENDATION(S): The Manager recommends that the Board approve the attached <br /> resolution. <br />