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~-1T~`QC:~l1/1~ ~ t=-~ <br />Created 4/72/07 <br />Fair Funding for Schools <br />Goal Statement -Collaborate with the Chapel Hill Carrboro City Schools and <br />Orange County Schools Boards of Education to identify <br />ways to address fair funding for schools. <br />Objectives <br />1. Define what funding components (current expense, capital, fair funding,. debt <br />and debt service) should be considered in the fair funding equation. <br />2. Consider the following June 8, 2006 recommendations from the Fair Funding <br />Work Group wit~~ r~ rd tQ_fundi~g sch~nl~capi~ilneec~~~ <br />a. U e lotte roceed to rov e n addi nal fun ng stream for <br />s h c p tal p of ct . he a un ho not supplant <br />rr n fu ins ur e . <br />b. I cl d o s ho st rt s s ui t and technology <br />t e pr ctc~, c it I budg fo news o Is and fund along <br />c. ie~`thveF~t9'ch lees arsessed and adjust <br />them in light of increased construction costs. <br />d. Allocate impact fees directly to the school districts, outside of <br />the 60/40 formula, to be used for pay-as-you-go funding" for <br />school construction. <br />3. Consider the following June 8, 2006 recommendations from the Fair Funding <br />Work Group with regard to funding school operating needs: <br />a. Consider the Board approved $800,000 allocation for human <br />services and safety initiatives in fiscal year 2006-07 over and <br />above the 48.1 percent target. <br />b. Allow usage of the $800,000 allocation for services and <br />programs such as (but not .limited to) middle college, <br />transportation of students between districts, other collaborative <br />initiatives, and health and safety positions. The outcome should <br />at least maintain the current levels of any services in either <br />district. <br />c. Add one cent to the general ad valorem tax to provide additional <br />funding for the school districts in budget year 2006-07. This <br />one-cent increase should be treated as additional funding over <br />and above the 48.1 percent target. <br />d. Commit to an additional one cent increase to the general ad <br />valorem tax over and above the previous year's increase to <br />provide supplemental funding to the school districts for fiscal <br />years 2007-08 and 2008-09, with these increases to be treated <br />