Orange County NC Website
Browse       Search
1 <br /> 1 Attachment 4 <br /> 2 <br /> 3 DRAFT MINUTES <br /> 4 BOARD OF COMMISSIONERS <br /> 5 BUDGET PUBLIC HEARING <br /> 6 May 11, 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 11, <br /> 10 2017 at the Whitted Building in Hillsborough, N.C. <br /> 11 <br /> 12 COUNTY COMMISSIONERS PRESENT: Chair Dorosin and Commissioners Mia Burroughs, <br /> 13 Mark Dorosin, Barry Jacobs, Earl McKee, Mark Marcoplos and Renee Price <br /> 14 COUNTY COMMISSIONERS ABSENT: Commissioner Penny Rich <br /> 15 COUNTY ATTORNEYS PRESENT: <br /> 16 COUNTY STAFF PRESENT: County Manager Bonnie Hammersley, Deputy County Manager <br /> 17 Travis Myren and Deputy Clerk to the Board David Hunt (All other staff members will be <br /> 18 identified appropriately below) <br /> 19 <br /> 20 Chair Dorosin called the meeting to order at 7:00 p.m. <br /> 21 <br /> 22 1. Opening Remarks <br /> 23 <br /> 24 PUBLIC CHARGE <br /> 25 Chair Dorosin dispensed with the reading of the Public Charge. <br /> 26 <br /> 27 2. Presentation of County Manager's Recommended FY 2017-18 Budget <br /> 28 Bonnie Hammersley made the following PowerPoint presentation: <br /> 29 <br /> 30 FY2017-18 <br /> 31 COUNTY MANAGER <br /> 32 RECOMMENDED BUDGET <br /> 33 <br /> 34 FY17-18 Recommended Budget <br /> 35 • Expenditures — Revenues -Tax Rate <br /> 36 • Assumptions <br /> 37 • Initiatives <br /> 38 • School Funding <br /> 39 • Outside Agencies <br /> 40 • Fire Districts <br /> 41 <br /> 42 2017 Tax Year Revaluation <br /> 43 ✓ The revaluation resulted in a 6.5% increase in real property value, increasing the <br /> 44 property tax base by over$1 billion to $16.8 billion. <br /> 45 ✓ Since the County's overall tax base increased, the County's revenue neutral rate <br /> 46 decreases from 87.80 cents per$100 of value to 83.77 cents per$100 of value. <br /> 47 <br /> 48 Budgeted Expenditures and Revenues (graph) <br /> 49 <br /> 50 Budget Assumptions <br />