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ORANGE COUNTY <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: June 26, 2007 <br />Action Agenda <br />Item No. (,o —G <br />SUBJECT: Approval of Fiscal Year 2007-08 Budget Ordinance, Capital Project <br />Ordinances, and Grant Project Ordinances <br />DEPARTMENT: Budget PUBLIC HEARING: (YIN) <br />ATTACHMENT (S): <br />Attachment 1. <br />Resolution of Intent to <br />Adopt the 2007-08 <br />Orange County Budget <br />Attachment 2. <br />FY 2007-08 Budget <br />Ordinance <br />Attachment 3. <br />2007-08 County Capital <br />Budget <br />Attachment 4. <br />County Capital Project <br />Ordinances <br />Attachment 5. <br />OCS Capital Project <br />Ordinances <br />Attachment 6. <br />CHCCS Capital Project <br />Ordinances, <br />C <br />INFORMATION CONTACT: <br />Donna Coffey, (919) 245-2151 <br />TELEPHONE NUMBERS: <br />Hillsborough 732-8181 <br />Chapel Hill 968-4501 <br />Durham 688-7331 <br />Mebane 336-227-2031 <br />Attachment 7. County Grant Project <br />Ordinances <br />PURPOSE: To adopt County's - budget ordinance, School and County capital project <br />ordinances, and County grant project ordinances for fiscal year 2007-08. <br />Annual Operating Budget <br />At the final fiscal year 2007-08 budget work session on June 21, 2007, the Board made a series <br />of decisions specifying the major decision points. The fiscal year 2007-08 approved General <br />Fund budget totals $173,624,351 compared to the County Manager's recommended total of <br />$172,206,470. Major changes to the budget included: <br />• Increasing the ad valorem property tax rate by 4.7 cents bringing the ad valorem property <br />tax rate for fiscal year 2007-08 to 95 cents per $100 of property valuation <br />• Increasing the Chapel Hill Carrboro City Schools Special District Tax rate by 1.5 cents <br />bringing the district tax rate to 20.35 cents per $100 of property valuation. <br />