Orange County NC Website
Browse       Search
• Recommended Sales Tax Revenues of$19.0 million is $1.8 million higher than <br /> the $17.2 million budgeted in FY 2013-2014 due to increase in consumer <br /> spending , and current year projections <br /> • Actual sales tax revenues are down over 16% since the peak of$22.5 million in <br /> fiscal year 2007-2008 <br /> Orange County General Fund FY 2014-15 Revenues (pie chart) <br /> Proposed Chapel Hill-Carrboro City Schools District Tax Rate Effective July 1, 2014 <br /> • Recommended tax rate of 20.84 cents per $100 of assessed valuation <br /> • Represents no increase in the property tax rate for the District <br /> • Recommended tax rate will generate $21.8 million for the Chapel Hill — Carrboro <br /> City School District <br /> • This represents an additional $1,764 per pupil above the County's allocation <br /> • One cent on district tax is estimated to generate $1,044,521. <br /> Recommended Funding for Chapel Hill - Carrboro City and Orange County Schools <br /> • Total General Fund appropriation totals $92.3 million <br /> • Funds day-to-day operations, repayment of school related debt, and capital <br /> • Equals an appropriation of 49.3 percent of total General Fund Revenues <br /> • Reflects $2.9 million increase from current year General Fund appropriation <br /> • Equates to a current expense allocation of$3,364, a $95 increase, per student <br /> for each of the 20,202 students in both districts for day-to-day operating funds <br /> and projected enrollment growth. <br /> County Education Funding <br /> Fiscal Year Oriqinal Budqet % of Revenues <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 $89,424,651 49% <br /> 2014-2015 $92,281,361 49.3% <br /> Additional Funding for Local Schools <br /> • In addition to the $92.3 million for operations, debt and capital, recommended budget <br /> allocates $1.25 million to fund non-mandated safety net initiatives for both school <br /> districts Some of these initiatives are: <br /> • School Health Nurses - $697,380 <br /> • School Resource Officers - $556,424 <br /> • School Social Workers - $0, due to the of loss State revenue <br /> • With these additional non-mandated funding initiatives, the total funding for the local <br /> school districts total 49.9% of the General Fund Revenues <br /> Major Funded County Initiatives <br /> • Maintains all County services at current levels <br /> • Funds the increase in medical insurance and fully funds the 401(k)/457 plans for <br /> non-sworn employees <br /> • A cost of living and merit increase equating up to 2% in compensation for <br /> employees <br />