Orange County NC Website
the General Fund Property Tax Rate (not adjusted for the 1997 revaluation of real <br /> property but adjusted each revaluation thereafter.) Funds will be allocated to each school <br /> system based on the State Department of Public Instruction planning allocation which is <br /> the same method used to allocate current expense appropriation. <br /> Planning Period <br /> During each fiscal year, the Board of Commissioners shall adopt a ten year Capital <br /> Improvements Plan. The ten year plan shall include anticipated County capital <br /> expenditures costing $30,000 or more excluding equipment and anticipated school capital <br /> expenditures costing $50,000 or more, excluding equipment. Equipment, costing $1,000 <br /> or more can be considered as part of the Capital Improvements Plan. The first year of the <br /> adopted Ten Year Capital Improvements Plan shall be incorporated into the next annual <br /> operating budget recommended by the County Manager. <br />