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Johnston, Zabor & Associates, Inc. <br />December 27, 1991 <br />SENT NqA FACSIlVIILE <br />644 -3004 <br />Mr. Rod Visser <br />Asst. County Manager <br />Orange County Government <br />P.O. Box 8181 <br />Hillsborough, NC 27278 <br />W7 ' � � <br />It was a pleasure for JoAnn Everson and I to .meet with you and John Link last week about <br />the research for the school bond referendum. The research we will perform will furnish <br />considerable guidance to the decisions by the county commissioners regarding both the <br />timing of a school bond referendum and the amount that can be successfully obtained. <br />We have evaluated the project, comparing your objectives to those in Durham County last <br />year. As you know Durham County passed an education bond referendum in 1991, the level <br />of which we were able to accurately predict. The educational organizations initially sought <br />considerably more in dollars. The forecasting research allowed the commissioners to better <br />understand the level of willingness taxpayers had regarding support of schools; both in terms <br />of total dollars for the bonds, and in terms of out -of- pocket expenses to taxpayers. In the <br />case of Orange County, we are also attempting to predict the best timing for a bond <br />referendum. <br />Outline of Work <br />Study Objectives <br />There are four primary objectives of this research: <br />1. To determine what level (in millions of dollars) voters would <br />likely pass in a bond referendum, <br />2. to determine what level of tax -rate increase voters would accept <br />in support of schools, <br />3. to determine the most appropriate timing for a successful bond <br />referendum to be launched, and <br />4. to determine the level of awareness regarding the need for new <br />schools among registered voters. <br />Headquarrers Park, Suire 300 P.O. Box 12743 Research Triangle Park, NC 27709 (919) 544 -5448 Fax 1919; i44 -0954 <br />