Agenda - 02-17-2015 - 6a - Laserfiche WebLink

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3 1 • Represents no increase in the property tax rate for the District 2 • Recommended tax rate will generate $21.8 million for the Chapel Hill —Carrboro 3 City School District 4 • This represents an additional $1,764 per pupil above the County's allocation 5 • One cent on district tax is estimated to generate $1,044,521 6 7 Recommended Funding for Chapel Hill - Carrboro City and Orange County Schools 8 • Total General Fund appropriation totals $92.3 million 9 • Funds day-to-day operations, repayment of school related debt, and capital 10 • Equals an appropriation of 49.3 percent of total General Fund Revenues 11 • Reflects $2.9 million increase from current year General Fund appropriation 12 • Equates to a current expense allocation of$3,364, a $95 increase, per student 13 for each of the 20,202 students in both districts for day-to-day operating funds 14 and projected enrollment growth. 15 16 Components of the Education Funding 17 County Education Funding 18 19 Additional Funding for Local Schools 20 • In addition to the $92.3 million for operations, debt and capital, recommended budget 21 allocates $1.25 million to fund non-mandated safety net initiatives for both school 22 districts Some of these initiatives are: 23 • School Health Nurses - $697,380 24 • School Resource Officers - $556,424 25 • School Social Workers - $0, due to the of loss State revenue 26 • With these additional non-mandated funding initiatives, the total funding for the local 27 school districts total 49.9% of the General Fund Revenues 28 29 Major Funded County Initiatives 30 • Maintains all County services at current levels 31 • Funds the increase in medical insurance and fully funds the 401(k)/457 plans for non- 32 sworn employees 33 • A cost of living and merit increase equating up to 2% in compensation for employees 34 • Provides for an increased funding for Emergency Services to address the 35 recommendations of the Emergency Services Study and Work Group 36 • Provides funding to the Town of Chapel Hill Library totaling $568,139 37 • Allocations provided to non-profit organizations total $1,074,100 for FY 14-15. 38 • Long range/pay-as-you go County capital is $464,800. 39 • Debt service for the General Fund will be $26.5 million. 40 41 Orange County General Fund 42 FY 2014-15 Expenditures 43 44 Solid Waste Initiatives 45 • Provides for an increase in the Landfill Fees due to both an increase in tonnage and a 46 $2 increase (from $42.50 to $44.50) in the City of Durham's tipping fees. 47 • The closure of the landfill with public education and other related planning efforts. 48 We expect to incur $3.7 million in closure cost in FY 2013-14. 49 • Provides for $1.36 million in Urban Curbside/Multi-Family Fees to fund the cost of 50 recycling programs and operations for urban curbside collections. This is a new contract 51 for urban curbside recycling, with a fee with a rate of$59/unit. The program will transition 52 from 18 gallon bins to 95 gallon roll carts.