Orange County NC Website
Browse       Search
Administrative Unit 681 - Chapel Hill-Carrboro <br /> 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 Chapel Hill-Carrboro Board of Education. The <br /> Board of Commissioners proposes to fund these facility needs <br /> in accordance with the following schedule: <br /> 1987-88 through 1989-90 $ 15, 070, 300 <br /> 1990-91 through 1992-93 $ 5,241, 340 <br /> Future Needs $ 6,157, 600 <br /> Total $ 26,469,240 <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 1/24 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 1/24 <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 />