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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: October 9, 2007 <br />Action Agenda ~ <br />Item No. (o - j <br />SUBJECT: Resolution of Intent to Create a Local Revenue Options Education Advisory <br />Committee Including Committee Charge and Structure <br />DEPARTMENT: County Commissioners PUBLIC HEARING: (Y/N) No <br />County Manager <br />ATTACHMENT(S): <br />Attachment 1. Timeline for May 6, 2008 Local <br />Revenue Options Referendum <br />Attachment 2. Draft Resolution <br />Attachment 3. Draft Committee Charge <br />Attachment 4. Draft Committee Structure <br />INFORMATION CONTACT: <br />Moses Carey, Chair (919) 254-2130 <br />Laura Blackmon, (919) 245-2300 <br />PURPOSE: To consider a resolution indicating the intent of the Board of County Commissioners <br />to create a Local Revenue Options Education Advisory Committee that will develop and <br />disseminate information to voters concerning the May 6, 2008 local revenue options referendum <br />and to consider a proposed charge to, and structure af, that committee. <br />BACKGROUND: During the 2007 legislative session, the General Assembly granted counties <br />the authority to enact new local revenue options - either a .4% land transfer tax or an additional <br />'/4-cent sales tax. There are several important factors related to the new options: <br />• Counties must have voter approval in order to enact either of these taxes <br />• The ballot can include referenda for both the land transfer tax and the'/4-cent sales tax <br />• There are no restrictions on the use of either of the new local revenues <br />• Should the Board choose to voluntarily designate the uses of the new revenue(s) (for <br />example for capital infrastructure or to retire debt), the ballot language cannot stipulate <br />uses of the new revenues <br />• Counties cannot enact both revenues -should Commissioners include both referenda on <br />the ballot and voters agree to both of them, Commissioners would have to choose which <br />local revenue to authorize <br />On September 19, 2007, Commissioners decided to seek voter approval of the local revenue <br />options on the May 6, 2008 ballot, agreed to a tentative timeline for seeking voter approval and <br />decided to seek input from community partners regarding which tax(es) to include on the ballot <br />and possible uses of the new revenues. The attached timeline offers a general sense of actions <br />