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> LOCAL SCHOOL FINANCE STUDY 2016: GAPS AND TRENDS <br /> The primary source of revenue for county government is local capacity of$355,534 per student.This gap of$1.52 million is <br /> property taxes,and this year the study once again revealed wide smaller than last year's($1.69 million gap in 2012-13),a trend <br /> variation between the property values of the state's wealthiest that has continued for the last three years of the Local School <br /> and poorest counties,and resulting disparities in revenues Finance Study. Major factors narrowing the gap include <br /> generated.This year also saw the continuation of marked reductions in real estate wealth in the wealthiest counties, <br /> differences in spending per child between North Carolina's some counties'2011 revaluations, and increases in student <br /> highest-and lowest-spending counties. enrollment in several counties. <br /> POOREST COUNTIES TAXED THEMSELVES The ten poorest counties taxed themselves at nearly double the <br /> AT HIGHER RATES, BUT STILL GENERATED rate of the ten wealthiest counties—$0.83 compared to$0.43, <br /> SUBSTANTIALLY LESS FROM PROPERTY TAX a 40-cent difference. In spite of this, because of the disparity in <br /> Coastal and mountain counties have the highest real estate real estate wealth capacity,the revenue the poorest counties <br /> wealth capacity in the state. In 2013-14,every county in the top could generate,even at the higher tax rate,was substantially <br /> ten had a per student real estate wealth capacity above$1.56 lower than what the wealthier counties could generate at lower <br /> million,and together had an average five times greater than the rates.The poorest counties continue raising their tax rates,while <br /> bottom ten counties.The ten wealthiest counties had an average the wealthiest counties lower theirs,and yet the substantial <br /> real estate capacity of$1,877,434 per student,compared with revenue disparity persists. <br /> the ten poorest counties,which had,on average,a real estate <br /> LOW- VS. HIGH-WEALTH COUNTIES <br /> TAXABLE REAL ESTATE WEALTH PER CHILD SPENDING PER STUDENT <br /> 2,500,000 3,000 <br /> 2,500 $2,916 <br /> 2,000,000 $1,877,434 <br /> 2,000 <br /> 1,500,000 <br /> 1,500 <br /> 1,000,000 <br /> 1,000 <br /> 500,000 $705 <br /> 500 <br /> $355,534 <br /> TEN TEN TEN TEN <br /> WEALTHIEST POOREST HIGHEST-SPENDING LOWEST-SPENDING <br /> COUNTIES COUNTIES COUNTIES COUNTIES <br /> The wealthiest counties have more than five times the taxable Annual per-student county spending on programs and personnel was <br /> property wealth per child available to the ten poorest counties.As $2,211 higher in the ten highest-spending counties than in the ten <br /> a result,even though the ten poorest counties tax themselves at lowest-spending counties.This gap is wider than last year,when it <br /> double the rate of the wealthiest counties,the revenue they generate was$2,183 per student. <br /> through taxation is substantially lower. <br /> >10 <br />