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1 <br /> 1 Attachment 2 <br /> 2 <br /> 3 DRAFT MINUTES <br /> 4 BOARD OF COMMISSIONERS <br /> 5 BUDGET PUBLIC HEARING <br /> 6 May 18, 2017 <br /> 7 7:00 p.m. <br /> 8 <br /> 9 The Orange County Board of Commissioners met for a work session on Thursday, May 18, 2017 <br /> 10 at 7:00 p.m. at the Southern Human Services Center in Chapel Hill, N.C. <br /> 11 <br /> 12 COUNTY COMMISSIONERS PRESENT: Commissioners Barry Jacobs, Earl McKee, Mark <br /> 13 Marcoplos, Renee Price and Penny Rich <br /> 14 COUNTY COMMISSIONERS ABSENT: Chair Mark Dorosin and Commissioner Mia Burroughs <br /> 15 COUNTY ATTORNEYS PRESENT: John Roberts <br /> 16 COUNTY STAFF PRESENT: County Manager Bonnie Hammersley, Deputy County Manager <br /> 17 Travis Myren and Clerk to the Board Donna Baker (All other staff members will be identified <br /> 18 appropriately below) <br /> 19 <br /> 20 Vice Chair Rich called the meeting to order at 7:03 p.m. <br /> 21 Vice Chair Rich said Chair Dorosin and Commissioner Burroughs would be unable to <br /> 22 attend tonight, and that Commissioner McKee would be late. <br /> 23 <br /> 24 1. Opening Remarks <br /> 25 <br /> 26 PUBLIC CHARGE <br /> 27 <br /> 28 Vice Chair Rich dispensed with the reading of the Public Charge <br /> 29 <br /> 30 2. Presentation of County Manager's Recommended FY 2017-18 Budget <br /> 31 <br /> 32 FY2017-18 <br /> 33 COUNTY MANAGER <br /> 34 RECOMMENDED BUDGET <br /> 35 <br /> 36 FY2017-18 Recommended Budget <br /> 37 • Expenditures — Revenues -Tax Rate- graph <br /> 38 • Assumptions-graph <br /> 39 • Initiatives-graph' <br /> 40 • School Funding-graph <br /> 41 • Outside Agencies <br /> 42 • Fire Districts <br /> 43 <br /> 44 2017 Tax Year Revaluation (chart) <br /> 45 ✓ The revaluation resulted in a 6.5% increase in real property value, increasing the property <br /> 46 tax base by over$1 billion to $16.8 billion. <br /> 47 ✓ Since the County's overall tax base increased, the County's revenue neutral rate decreases <br /> 48 from 87.80 cents per$100 of value to 83.77 cents per$100 of value. <br /> 49 <br /> 50 Budgeted Expenditures and Revenues (graph) <br /> 51 <br />