Agenda - 09-03-1996 - V-C - Laserfiche WebLink

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' 4 'i Commissioners with an avenue to direct a disproportionate, but essential, share . of the funds available for capital needs to CHCCS. One cent on the district tax generates $325,911. One cent on the County property tax yields $494,442. If the revenue generated by the County tax is distributed on a per-pupil basis (which is not required for the capital budget), CHCCS receives $291,161. This has led some to favor the raising of the district tax. I believe that we should do all that we can to encourage the County Commissioners to use revenues generated on a county basis to meet the most critical school capital needs, regardless of the proportion that each school district will receive. At the same time, however, I believe that it is to our advantage to have the flexibility to use school district tax dollars for capital needs in the event that this is necessary. The School Board's and County's attorneys concur that the legislation authorizing the district tax does not permit it to be used for capital outlay, including the construction of new schools. At the same time, the district tax rate is $.20 and the County Commissioners are authorized to raise it to as much as $.35. Therefore, I am recommending that we seek authority through the school district voters to expand the applicable use of the present school district tax to include capital outlay for construction. RESOLUTION: Be it, therefore, resolved that the Board of Education requests the County Commissioners to hold a referendum in November, 1996 which would expand the use of the district tax to include payment for capital outlay, including the construction of new schools, effective July 1, 1997. This resolution was approved on a vote of 7-0 by the Chapel Hill-Carrboro City Board of Education at its regularly scheduled meeting on Thursday, A ust 22, 1996. /`�✓./. `,`••.G��PELH/4*0, Neil G. Pedersen, Superintendent " • N + r • ob :o ; o � �,''ORo cri��GL''V,�,