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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 <br /> consumer 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 (Pie chart) <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 <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 /> - Equates to a current expense allocation of$3,188 per student for each of the 19,908 <br /> students in both districts for day-to-day operating funds and projected enrollment <br /> growth. <br /> County Education Funding <br /> Fiscal Year Original Budget General Fund % Of Revenues <br /> 2008-2009 $90,447,942 50% <br /> 2009-2010 $86,378,040 48.6% <br /> 2010-2011 $87,135,916 49.8% <br /> 2011-2012 $84,175,033 47.5% <br /> 2012-2013 $85,455,533 48.1% <br /> 2013-2014 $87,812,103 48.1% <br /> Current Expense, Recurring and Long — Range Capital, Fair Funding and Debt Service <br /> Additional Funding for Local Schools <br /> • In addition to the $87.8 million for operations, debt and capital, recommended budget <br /> allocates $1.9 million to fund non-mandated safety net initiatives for both school <br /> districts Some of these initiatives are: <br /> - School Health Nurses - $683,706 <br /> - School Resource Officers - $545,514 <br /> - School Social Workers - $692,283 <br /> • With these additional non-mandated funding initiatives, the total funding for the local <br /> school districts total 49.2% of the General Fund Revenues <br /> Major Funded County Initiatives <br /> • Maintains all County services at current levels <br />