Agenda - 02-02-1987 - Laserfiche WebLink

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054 have been identified and reflected in the schedule above. The Board of Commissioners has reviewed the above schedule and has agreed that these are legitimate needs that need to be addressed. However, it must be understood that the above schedule is a preliminary plan and is subject to the availa- bility of a source or sources of financing. The County will be looking at various alternatives for. funding the needs identified in this survey, such as the proposed State loan pool. However, even a 100% dedication of both 1/2$ sales tax revenues would not enable us to fund all of the needs identified in the schedule shown above. Although the County will continue to commit more than the minimum 1/2$ sales tax revenue required by law, it must be understood that we cannot commit all of this revenue source at this time. We cannot commit 100% of the 1/24 sales tax for the next twenty years to fund school facility needs for the next six years. There are needs that will have to be funded beyond the 1992-93 fiscal year. Therefore, it is imperative that the State make available to the counties additional sources of revenue to enable us to finance the facility needs of our schools now and in the future. In addition, we could do more toward meeting our primary obligation of providing adequate facilities for our schools if the State would do more in meeting its obligation of providing for the current operations of the schools. The ever-increasing demand on the County to provide funds for local current expense is an ever-increasing drain on the funds that are so desperately needed for school facilities. Adopted by the Orange County Board of County Commissioners on , 1 19 Chairman Date Clerk Date Page 3 of 5