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02 <br /> RESOLUTION <br /> WHEREAS, counties are in need of an additional revenue <br /> source to replace the expected loss of federal <br /> revenue sharing and avoid additional reliance on <br /> other revenues, such as the property tax; and <br /> WHEREAS, such additional revenue sources are needed in. <br /> Orange County to address major capital projects <br /> which are beyond the scope of the General Fund to <br /> support; and <br /> WHEREAS, the municipalities of Orange County are facing a <br /> similar loss of revenues due to the decline or loss. <br /> of federal revenue sharing; and <br /> WHEREAS, it is expected that full year proceeds from such a <br /> tax would yield the following amounts to the County <br /> and its several municipalities: <br /> Orange County $1,375,000 <br /> Carrboro 175,000 <br /> Chapel Hill 540,000 <br /> Hillsborough 46,800 <br /> Mebane 7,658 <br /> NOW, THEREFORE BE IT RESOLVED by the Board of Commissioners <br /> of Orange County that the legislative delegation is <br /> urged to grant authority to counties to levy the <br /> tax with unrestricted use of the revenues to meet <br /> the varied needs of the County and its municipali- <br /> ties. <br />