Agenda - 05-08-2008- - Laserfiche WebLink

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^ An alternative to increasing the ad valorem tax rate to fund fully the request is to use some combination of ad valorem and special district taxes. o If Commissioners were to fully fund the total budget increase requested by Orange County Schools from the ad valorem tax, a 4.25 cent tax rate increase would be required and would result in a per pupil allocation of $3,290. ^ The Orange County Schools increase would result in an additional $3,574,067 for Chapel Hill Carrboro City Schools ^ Given this scenario, the remaining $3,254,997 requested by Chapel Hill Carrboro City Schools could be funded by increasing the Schools' special district tax. Staff anticipates one cent on the special district tax to generate about $808,000. Attachment 2 of this agenda abstract provides a historical comparison of Orange County's per pupil appropriations since fiscal year 1983-84. ~- Funding Requests for Orange County Satellite Campus of Durham Technical Community College (DTCC) Just last week the community celebrated the long-awaited opening of Orange County's Satellite Campus of DTCC. The current year budget included funding of $385,644 for partial year operational costs of the new facility. DTCC's President Dr. Bill Ingram presented the community college's budget request of $581,601 for next fiscal year to the County Manager and Budget Director on May 5, 2008. _~ Other Budget Drivers In addition to the topics outlined above, there .are a number of other topics that the Manager would like to cover during tonight's work session. Those topics include: o Departmental requests for new staff and/or changes to existing staff o Costs of opening new County facilities o County employee salary and benefit compensation plan including pay plan and health insurance options o County operational funding increases associated with inflation and higher costs o Options for funding operational capital items FINANCIAL IMPACT: As outlined on Attachment 1 of this agenda abstract, Preliminary Outlook of Fiscal Year 2008-09 Budget Drivers, preliminary costs of major budget funding increases for fiscal year 2008-09 totals $14.9 million or the equivalent of 11.68 cents on the tax rate. RECOMMENDATION(S): The Manager recommends that the Board of County Commissioners review and discuss preliminary major funding components of the upcoming 2008-09 fiscal year budget.