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1 <br />ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />Action Agenda <br />Item No V� -3 <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: June 25, 1991 <br />SUBJECT: Additional One -Half Cent Sales Tax <br />DEPARTMENT County Manager <br />PUBLIC HEARING YES NO X <br />ATTACHMENT(S) INFORMATION CONTACT <br />None Manager's Office, x2300 <br />TELEPHONE NUMBER <br />Hillsborough 732 -8181 <br />Chapel Hill 968 -4501 <br />Mebane 227 -2031 <br />Durham 688 -7331 <br />PURPOSE: To consider setting a public hearing on the question of <br />enacting a resolution imposing an additional one -half cent local option <br />sales tax in Orange County. <br />BACKGROUND: The General Assembly is considering its 1991 -92 budget <br />Package at this time. House and Senate conferees are trying to reach <br />agreement over a number of cost cutting and revenue raising measures to <br />balance the next budget, a number of which impact on local governments. <br />One measure which appears likely to be included in the final budget <br />package is authority for counties to impose an additional one -half cent <br />local option sales tax. The revenues from this additional tax would <br />be intended to replace other revenues now received by local, <br />governments that the State would retain under the legislation in <br />question. The exact provisions of this measure are not yet settled, <br />but it is likely that the legislation will include "fast track" <br />procedures under which the Board of Commissioners could rapidly <br />enact this tax. The Board would have to conduct a public hearing after <br />having given five days notice, but would be free to enact a resolution <br />imposing the tax immediately after conducting the public hearing. <br />These actions would have to occur at a special meeting of the Board of <br />Commissioners, in order to maximize needed revenue in the 1991 -92 <br />budget. <br />County staff are remaining in frequent contact with staff at the <br />Association of County Commissioners to get updates on the status of the <br />legislation and answers to questions about its potential impacts. The <br />County Manager will provide a verbal update at the June 25 meeting upon <br />which the Board may determine the appropriate course of action. <br />