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SCHOOL FUNDING EQUITY <br />'' SUPPLEMENTAL FUNDING <br />If effort is to be made to narrow the local per pupil <br />funding gap, there are three main approaches <br />prescribed in NC statutes available to BQCC: <br />1. Levy countywide supplemental tax <br />2. Levy Orange Oounty Schools supplemental district tax <br />3. Increase countywide property tax rate <br />First two approaches require majority approval in <br />referendum of voters to establish authority to levy <br />tax; due to time constraints, cannot be <br />implemented before 2006-07 <br />Third approach could be used for 2005-06 <br />SCHOOL FUNDING EQUITY <br />2005-06 CURRENT EXPENSE CONCEPTUAL <br />FRAMEWORK <br />^ FY2004-05 per pupil appropriation of $2,623 as <br />foundation <br />^ Potential increases in Countywide property tax <br />rate for: <br />Tier I -funding to address mandates/obligations (e.g. local <br />match for State teacher pay & benefit increases) <br />Tier II -funding (if any) to restore certain State education <br />budget cuts <br />Tier III -funding to address some portion of OCS staffing and <br />programming constraints identified in Educational Excellence <br />report (all or some of resulting per pupil increase for CHCCS <br />could be offset by reductions to CHCCS district tax) <br /> <br />