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- . <br /> -- • <br /> We do have arr option available which would eliminate the need <br /> to raise County-wide taxes by .54 cents. This option is <br /> defined below. <br /> 1) Reduce the recurring capital appropriation to the <br /> Chapel Rill/Carrboro school system by transferring <br /> the $180,000 appropriation for construction of <br /> temporary classrooms from the recurring capital fund <br /> to the School Capital Reserve fund. This would • <br /> require an exception to the Commissioner's policy <br /> that each school system will receive $750,000 each <br /> year in recurring capital appropriations. <br /> 2) Increase the appropriation from County sales tax <br /> funds to Chapel Rill/Carrboro schools by $180,000, <br /> thereby insuring that the school system receives the <br /> same total amount for recurring and major capital <br /> expenses. be temporary classrooms could be defined <br /> as a capital project) <br /> 3) Decrease the amount reserved for future capital <br /> projects or associated debt service by $180,000. . <br /> . . This would bring the total of this reserve from <br /> $890,964 to 710,964. <br /> In summary, I wanted to bring to your attention that there is <br /> an alternative. whereby we can increase the funds appropriated <br /> to Orange County System, reduce the Chapel Rill/Carrboro • <br /> district tax increase and reduce the discrepancy in the - <br /> percentage increase in local funds allocated to the two <br /> school systems. . • <br /> . . <br /> . Furthermore, it is possible to accomplish the above without • • - <br /> increasing the County-wide tax rate above the recommended 3.9 . . <br /> cents. - <br /> I will be happy to discuss this or any other options for ' . _. . <br /> funding our schools with you at any time. <br /> . . . <br /> '• • - <br /> P.S. Because both Dan Lunsford and Gerry House were out of <br /> • the office on Friday, I have not yet been able to discuss . <br /> these alternatives with them. <br /> . • <br /> • . Also,, Z3mme mxapslea chart reflecting -the arialdnalmequemt, mairmeer's : <br /> • • orili71.nal remnmenchdlaa and this alternative. • <br /> . . . <br /> . . <br /> ' - <br /> .- • - . . . . <br /> . . <br /> _ . • ' <br /> . . <br /> . • . <br /> . . .. <br /> - .,:: . : _• • . . <br /> - - - - . <br /> .;ii--.. .--- • . . • . . <br /> - • . • • <br /> . ..,. .... _ , _ . <br /> . • . . <br /> . _ <br /> -:- •• • - • <br /> • . <br />