Orange County NC Website
Browse       Search
6. Add one cent. (1 ¢) to the general ad valorem tax to provide additional funding <br />for the school districts in budget year 2006-2007. This one-cent increase <br />should be treated as additional funding over and above the 48.1 %target. <br />7. Commit to an additional one cent increase to the general ad valorem tax over <br />and above the previous year's increase to provide supplemental funding to <br />the school districts for 2007-2008 and 2008-2009, with these increases to be <br />treated as additional funding over and above the 48.1 % target (e.g., the total <br />increase in the general ad valorem tax would be 2 cents for 2007-2008 and 3 <br />cents for 2008-2009). Re-evaluate the impact on fair funding at the end of <br />this three year period. <br />