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ADDITIONAL kc SALES TAX INFORMATION <br /> Assuming effective date of September 1, 1986 and 60% restricted for school capital <br /> construction. <br /> Total amount = $1,237,500 <br /> 60% for schools = $7442 500 <br /> 40% unrestricted = $495,000 <br /> 1. Use a portion to balance the Long Range School Capital Fund, ($214,725) increase <br /> current capital by $156,000 for Stanford roof, $150,000 for Stanback roof, <br /> $150,000 for roof_work for Chapel Hill-Carrboro Schools,.accumulate $71,775 <br /> in Long Range School Capital Fund for future school projects, use unrestricted <br /> balance of $495,000 to fund any mark-up added by Commissioners and/or to offset <br /> proposed tax increase. <br /> • <br /> • <br /> 2. Substitute for the 3Q property tax in the Long Range School Capital Fund ($693,000) <br /> and transfer this tax to the General Fund, balance the Long Range School Capital <br /> Reserve Fund (214,725) , and use the remainder (329,775) to fund any mark-ups <br /> added by Commissioners and/or to further offset proposed tax increase. <br />