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2 <br /> Current Budgetary Environment <br /> - Probable 5-7% reduction in state allotments <br /> - County Sales Tax Revenues are down <br /> - Property Tax Revenues are down <br /> - County Debt Service has increased <br /> - Increased OCS contribution requirements for health care and retirement <br /> State Budget Reduction Highlights <br /> A comparison of Proposed Budget Reductions: <br /> - Governor Perdue—5% Reduction - $1.6 million <br /> - N. C. Senate —7% Reduction - $2.5 million <br /> - N. C. House—7%+ Reduction <br /> Impact of the Senate's Budget on OCS: <br /> Classroom Teacher Reductions <br /> Grades K-3 = 11.5 positions <br /> Grades 4-6 = 6.0 positions <br /> Grades 7-8 = 4.5 positions <br /> Grade 9 = 2.0 positions <br /> Grades 10-12 = 4.0 positions <br /> 28 Total <br /> Further Senate Reductions: <br /> - SRO Funding $37,000 per high school <br /> - School Technology $270,000 reduction <br /> - Textbooks $234,000 reduction <br /> - "At-Risk" Funding $332,787 reduction <br /> Revenue Sources for 2008-09 <br /> Local appropriations—37% - $25.3 million <br /> State Funding —58.9% - $40.2 million <br /> Federal Funding —4.1% - $2.8 million <br /> Total OCS Operating Budget -$68,259,202 <br />