ORD-1994-012 Budget Ordinance for FY 1994-95

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Page 5 of 6 Section IV. Tax Rate Levy There is hereby levied for the fiscal year 1994-95 a general County-wide tax rate of 88.50 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 7.60 Chapel Hill 2.90 Damascus 3.80 Efland 2.70 Eno 6.00 Little River 4.65 New Hope 6.00 Orange Grove 5.15 Orange Rural 4.25 South Orange 8.90 Southern Triangle 3.80 White Cross 6.90 Chapel Hill-Carrboro School District 15.40 Section V. School Current Expense There is hereby allocated a lump sum of$10,998,580 for Chapel Hill/Carrboro City Schools and $8,099,482 for the Orange County Schools, for the purpose of supporting current expense. This appropriation equates to $1,451 per student based on an average daily membership of 7,580 for the Chapel Hill/Carrboro City Schools and 5,582 for the Orange County Schools. Section VI. School Capital Outlay There is hereby appropriated$750,000 for Chapel Hill/Carrboro City Schools for recurring capital and $2,519,819 for long range capital projects. There is hereby allocated $750,000 for Orange County Schools for recurring capital and $1,566,954 for long range capital projects. Section VII. Schedule B License In accordance with Schedule B of the Revenue Act, Article 2, Chapter 105 of the North Carolina General Statutes, and any other section of the General Statutes so permitting, there are hereby levied privilege license taxes in the maximum amount permitted on businesses, trades, occupations or professions which the County is entitled to tax. Section VIII. Budget Control General Statutes of the State of North Carolina provide for budgetary control measures to exist between a county and public school system. The Board of Commissioners hereby directs the