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Administrative Unit 680 - Orange County Schools <br /> County Orange <br /> FUNDING SCHEDULE FOR SCHOOL FACILITY NEEDS <br /> The Orange County Board of Commissioners has reviewed the <br /> long-range plan and Summary of School Facility Needs sub- <br /> mitted by the Orange County Board of Education. The Board of <br /> Commissioners proposes to fund these facility needs in <br /> accordance with the following schedule: <br /> 1987-88 through 1989-90 $ 8,434, 507 <br /> 1990-91 through 1992-93 $ 1,804 , 320 <br /> Future Needs $ 8,780, 063 <br /> Total $ 19, 018, 890 <br /> Comments (If you are unable to specify a proposed funding <br /> schedule at the present time, please indicate the reasons <br /> below. ) : <br /> Orange County already has a long-range school capital plan <br /> that has been in effect beginning with the 1984-85 fiscal <br /> year. This plan has been funded by a five year committment <br /> of 80% of the original 1/2$ sales tax revenue. In addition, <br /> over a two year period, a portion of the County's property <br /> tax revenue has been dedicated to school capital. In the <br /> current fiscal year the County enacted the additional 1/2$ <br /> sales tax, principally for the purpose of providing <br /> additional funds for the long-range school capital plan. <br /> We must complete the projects scheduled in our existing plan <br /> before the County can go forward to a new set of needs. The <br /> County has committed to projects through the 1988-89 fiscal <br /> year. However, we are searching for a revenue source or <br /> sources that would enable us to move these projects into the <br /> 1987-88 fiscal year. <br /> Page 2 of 5 <br />