Agenda - 10-20-1987 - Laserfiche WebLink

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• 3 39, 40, 41 and 42 of Chapter 105 of the General Statutes as amended; and WHEREAS, a public hearing was held on October 20, 1987 to consider the expansion of local government sales and use taxes authorized by Articles 39, 40, 41 and 42 of Chapter 105 of the General Statutes, and interested citizens presented their views to the Board of Commissioners; and WHEREAS, the Board of County Commissioners caused public notice of the public hearing to be given, as required by Section 9 of Chapter 832 of the 1987 Session Laws, at least ten days prior to the date of the hearing; and WHEREAS, the Board of Commissioners of Orange County does hereby find that adoption of the expansion of the Local Government Sales and Use Tax Act within Orange County is both desirable and necessary to adequately finance the operation of the county and the cities and towns herein; NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Orange county as follows: Section 1. The expansion of the Local Government Sales and use Tax Act, as defined in Section 4 of Chapter 832 of the 1987 Session Laws, is hereby adopted. The taxes hereby imposed and levied shall apply to the same extent and be subject to the same limitations as are set forth in Articles 39, 40, 41 and 42 of Chapter 105 of the General Statutes, as amended. Section 2. Collection of the expanded Local Government Sales and Use Tax by the North Carolina Secretary of Revenue, and liability therefore, shall begin and continue on and after the first day of March 1, 1988. Section 3 . The net proceeds of the taxes levied herein shall be distributed by the Secretary of Revenue to Orange County and the municipalities therein as prescribed by G.S. 105-472, 486, 493 and 501. The amount distributed to Orange County shall be divided among the county and the municipalities herein in accordance with the method previously selected by the Board of Commissioners of Orange County in accordance with the provisions of G.S. 105-472 . Section 4. This Resolution is effective upon its adoption and a certified copy hereof shall be forwarded to the North Carolina Secretary of Revenue, pursuant to the provisions of Section 9 of Chapter 832 of the 1987 Session Laws. Adopted this 20th day of October, 1987. In answer to a question from Commissioner Willhoit, Ken Chavious stated that the adjustment factor was necessary in order to insure that all counties benefit from the new tax law. Since the tax is based on "point of sale", counties with small commercial tax bases and few mail order companies would lose money under the new law. Orange County would be one of those counties. Because of the adjustment factor, Orange County could receive an increase in revenue of approximately 2%. VOTE: UNANIMOUS. D. RESOLUTIONS OR PROCLAMATIONS None. E. REPORT AND DECISION 1. DAY CARE FUNDING Marti Pryor-Cook reported that the Department of Social Services was notified in July, 1987 that there would be significant reduction in the amount of reallocated day care funds from the State. The Board of Commissioners responded by approving a contingency amount of $98, 000 to maintain service level after natural attrition. In answer to a question from Commissioner Willhoit, Cook stated