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I� <br /> NOTES: <br /> 1983 d 1956 Sales Taxes - Each column of ,1983 and 1986 Sales Taxes,, is the estimated 1981-88 county receipts for capital <br /> outlay if the county governments appropriate the given percentages for schools. 1987-88 estimated receipts from <br /> percent local $ales taxes are based on the 1985-86 distributions from the 1983 one-half percent local sales <br /> lax, as reported by the N. C. Department of Revenue, plus annual increases of seven percent . Atamence. Burke, Durham. and <br /> Peraon' 5 1985-86 distributions were estimaled by the Department of Revenue state these counties did not have a full year ' s <br /> collections. The projected revenues from the 1986 one-half percent local sales tax depend on enactmeal in all one hundred <br /> counties by 1987-881 presently ninely counties have enacted the tax . <br /> Loan Potential 1987-88 - The loan potential is the amount of loan that a county can afford under the Governor 's school <br /> construction proposal if the county government has committed The given percentages of the two one-half percent sales Saxes <br /> to capital outlay for school a . Of course, the amount of the loan will be subject to. approvai by the Local Government <br /> Commission. The loan potential is based on a Ieval repayment annually over a Twenty-year period ■l an interest rate of 6. 15 <br /> percent <br /> Division of School Planning <br /> N. C. Department of Public instruction <br /> November, 1986 <br />