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11 <br /> BUDGET PRIORITIES <br /> ❑ DEBT SERVICE <br /> ❑ PERSONNEL COST <br /> ❑ CHCCS AND ORANGE COUNTY SCHOOL FUNDING <br /> ❑ CONTRACT OBLIGATIONS <br /> ❑ RESERVE LEVELS <br /> BUDGETED REVENUES AND EXPENDITURES - GRAPH <br /> BUDGETED REVENUES - GRAPH <br /> BUDGETED EXPENDITURES - GRAPH <br /> ASSUMPTIONS <br /> ❑ Property Tax Growth: 2.1% = $3,226,735 <br /> ❑ Sales Tax Growth: 4.0% = $975,874 <br /> ❑ General Fund Reserve: 16% = $34.8 million <br /> Tax Rate Increase $0.0150 to $0.8654 - Chart <br /> ❑ 0.01 on county tax rate = $1,877,087 <br /> ❑ $0.0150 on county tax rate = $2,815,630 <br /> Commissioner Dorosin clarified that the recommendation is highlighted, and the <br /> not recommended is how much. <br /> Bonnie Hammersley said it would be just under a nickel, plus just under a penny. <br /> Commissioner Dorosin said the option would be the total of two columns. <br /> Bonnie Hammersley said yes, it would be 5.8 cents. <br /> Commissioner Dorosin asked if the Board selected that option, would there be a forecast <br /> of 2021-2022 projections. <br /> Bonnie Hammersley said those projections would not be necessary. She resumed the <br /> presentation: <br /> 0.0150 Tax Rate Increase Impact - Chart <br /> 0.0580 Tax Rate Increase Impact (Option with One-Time Tax Rate of 0.0490 cents for Debt <br /> Service and 0.0090 for Operations in FY2019-20) - Chart <br /> Education - ADM - graph <br /> Education - OPERATIONS/per pupil - graph <br /> Education - CAPITAL needs - graph <br /> Education - County Appropriation - graph <br /> Durham Tech - Chart <br /> Commissioner Dorosin said, in the future, it would be helpful to have the comparison on <br /> this slide; what is requested, compared to what is recommended. <br />