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11 <br /> • Reset the Chapel Hill-Carrboro District Tax rate to revenue neutral rate <br /> of 20.18 cents <br /> o Option 2 — Reduce the Countywide Tax Rate <br /> • Reduce the County Ad Valorem Tax rate by 0.06 cents to 83.71 cents <br /> • Reset the Chapel Hill-Carrboro District Tax rate to revenue neutral rate <br /> of 20.18 cents <br /> o Option 3 — Distribute to Undesignated One Time Funds for School Districts <br /> • Provide $61,788 in one time funds to Chapel Hill-Carrboro City Schools <br /> • Provide $41,021 in one time funds to Orange County Schools <br /> • Reset the Chapel Hill-Carrboro District Tax Rate to 20.18 cents or <br /> reduce the District Tax Rate to 20.13 cents <br /> • Redirect Balance of Funds - $112,309 if Chamber funding is not restored <br /> o Option 1 — Save money in the General Fund <br /> • Increase undesignated reserve from 16% to 16.06% <br /> • Reset the Chapel Hill-Carrboro District Tax rate to revenue neutral rate <br /> of 20.18 cents <br /> o Option 2 — Reduce Countywide Tax Rate <br /> • Reduce the County Ad Valorem Tax rate by 0.06 cents to 83.71 cents <br /> • Reset the Chapel Hill-Carrboro District Tax rate to revenue neutral rate <br /> of 20.18 cents <br /> o Option 3 - Distribute to Undesignated One Time Funds for School Districts <br /> • Provide $67,497 in one time funds to Chapel Hill-Carrboro City Schools <br /> • Provide $44,812 in one time funds to Orange County Schools <br /> • Reset the Chapel Hill-Carrboro District Tax Rate to 20.18 cents or <br /> reduce the District Tax Rate to 20.12 cents <br /> • Approve the Manager's Recommendation for the FY2017-18 Budget Ordinance, <br /> County Grant Projects and County Fee Schedule <br /> • Approve the Manager's Recommendation for the Five Year Capital Investment Plan <br /> and Year 1 Project Approvals <br /> Commissioner Price submitted a budget amendment, which she read. <br /> A motion was made by Commissioner Price, seconded by Commissioner McKee to <br /> restore the Chamber funding of$9,500- $8,500 to Chapel Hill Chamber and $1,000 to the <br /> Hillsborough/Orange County Chamber; and for the Manager and Steve Brantley to examine <br /> membership options, and return a recommendation to the BOCC regarding membership in the <br /> two Chambers that will benefit all parties. <br /> Commissioner Burroughs said she supported this resolution, and noted that there is a <br /> lot of complexity in the relationship between the County and the contributions made by the <br /> chambers. She said the chambers were leaders in the advocacy around the Bond. She said <br /> she would like staff to review all options, and the BOCC to revisit the topic next year. <br /> Commissioner Jacobs said he agreed up to a point, but not entirely. He agreed that <br /> both chambers have been supportive of the goals and values of Orange County. He said he is <br /> willing to leave the basic dues from the County in the budget for both chambers, but not dues <br /> from other departments that are being paid by the County. He said to move Chamber <br /> memberships to the Manager's office, and for the Manager to investigate how many <br /> departments are contributing to the chambers, and bring a report to the BOCC in the fall. <br />