Agenda - 06-23-1988 - Laserfiche WebLink

Browse Search

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