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5
<br />FY
<br />Current
<br />Expense
<br />Recurring
<br />Capital
<br />Long Range
<br />Capital
<br />Fair
<br />Funding
<br />Debt -
<br />Service
<br />Mandated .
<br />Total
<br />2009
<br />$ 60,582,479
<br />$ 2,750,635
<br />$ 7,818,826
<br />$ 988,000
<br />$
<br />18,488,022
<br />$ 90,627,962
<br />2010
<br />$ 58,508,208
<br />$ 3,000,000
<br />$ 4,311,827
<br />$ 988,000
<br />$
<br />19,570,005
<br />$ 86,378,040
<br />2011
<br />$ 59,371,992
<br />$ 3,000,000
<br />$ 5,159,091
<br />$ 988,000
<br />$
<br />18,616,833
<br />$ 87,135,916
<br />2012
<br />$ 59,375,382
<br />$ 3,000,000
<br />$ 2,628,969
<br />$ 988,000
<br />$
<br />18,182,682
<br />$ 84,175,033
<br />2013
<br />$ 62,389,900
<br />$ 3,000,000
<br />$ 3,724,849
<br />$ 988,000
<br />$
<br />15,352,784
<br />$ 85,455,533
<br />2014
<br />$ 63,466,704
<br />$ 3,000,000
<br />$ 3,724,849
<br />$ 988,000
<br />$
<br />16,632,550
<br />$ 87,812,103
<br />2015
<br />$ 67,959,528
<br />$ 3,000,000
<br />$ 3,724,849
<br />$ 988,000
<br />$
<br />16,608,984
<br />$ 92,281,361
<br />If the Board of County Commissioners agree to increase the property tax rate to generate additional
<br />revenues to address the current expense request of both school districts, increases in the property tax
<br />rate outlined below will produce the following property tax revenues:
<br />Property Tax Per Pupil
<br />Tax Increase Revenues Generated Equivalency "
<br />1 cent $1,638,241 $81.09
<br />2 cents $3,276,482 $162.19
<br />2.4 cents $3,931,778 $194.62
<br />4 cents $6,552,964 $324.37
<br />5.5 cents $9,010,326 $446.01
<br />*Based on 20,202 Students
<br />Additionally, the Chapel Hill - Carrboro City School District has requested the Board of County
<br />Commissioners consider an increase in the special district property tax rate to fund their budget request.
<br />If approved, the revenues generated by an increase in the special district tax would be as follows:
<br />Property Tax Per Pupil
<br />Tax Increase Revenues Generated Equivalency'
<br />1 cent $1,029,085 $84.56
<br />2 cents $2,058,170 $169.11
<br />3.5 cents $3,655,824 $295.95
<br />*Based on 12,353 Students projected for the CHCCS School District
<br />Details - regarding recommended funding levels for local school districts and Durham Technical
<br />Community College are located in the Education section of the budget document.
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