Agenda - 06-24-2008-6a - Laserfiche WebLink

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1~ Section IV. Tax Rate Levy There is hereby levied for the fiscal year 2008-09 a general county-wide tax rate of 99.8 cents per $100 of assessed valuation. This rate shall be levied in the General Fund. Special district tax rates are levied as follows: ~ ___ Cedar Grove _-______7.30; _ _ __ Chapel Hill = ! ----------- 4.90 -- --- ----- ------ ~ I Damascus -- _ _ 6.00 __ ~ Efland ____ ___ - _ _. ___ 5.225 ~ Eno 5.70 _______ Little River 4.60 New Hope 6.75 Orange Grove 4.20 Orange Rural 6.30 South Orange 9.50 Southern Triangle 6.00 White Cross 6.00 Chapel Hill-Carrboro School District 23.00 Section V. School Current Expense The current expense allocation for both school districts is $60,582,479. Of that total, there is hereby allocated a lump sum of $37,456,049 for Chapel Hill-Carrboro City Schools and $23,126,430 for the Orange County Schools. This appropriation equates to $3,200 per student based on the March 2007 North Carolina Department of Public Instruction certified average daily membership of 11,705 for Chapel Hill-Carrboro City Schools and 7,227 for the Orange County Schools. Section VI. School Recurring Capital Outlay The recurring capital outlay for both school districts is $2,570,635. There is hereby appropriated $1,579,005 for Chapel Hill-Carrboro City Schools for recurring capital. There is hereby allocated $991,630 for Orange County Schools for recurring capital. Section Vll. Reserve for Fair Funding for Schools There is a Reserve for Fair Funding for Schools included in the Education function of the General Fund totaling $988,000. The Reserve fund is to be contractually distributed equally to the two school systems with Chapel Hill Carrboro City Schools receiving $494,000 and Orange County Schools receiving $494,000 to address school safety and health needs.