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RES-2019-040 Attachment 1 <br />Page 1 of 5 <br /> <br />Resolution of Intent to Adopt the FY2019-20 <br />Orange County Budget <br /> <br />The items outlined below summarize decisions that the Board acted upon June 11, 2019 in approving the <br />FY2019-20 Orange County Annual Operating Budget and the FY2019-20 (Year 1) Capital Investment Plan <br />Budget. <br /> <br />WHEREAS, the Orange County Board of Commissioners has considered the Orange County FY2019-20 <br />Manager's Recommended Budget and the FY2019-20 Manager’s Recommended Capital Investment Plan <br />Budget; and <br /> <br />WHEREAS, the Commissioners have agreed on certain modifications to the Manager's Recommended <br />Budget as presented in the FY2019-20 County Manager’s Recommended Budget on May 2, 2019; and to <br />the FY2019-20 Manager’s Recommended Capital Investment Plan Budget as presented on April 2, 2019; <br /> <br />NOW THEREFORE BE IT RESOLVED, that the Orange County Board of Commissioners expresses its <br />intent to adopt the FY2019-20 Orange County Budget Ordinance on Tuesday, June 18, 2019, based on <br />the following stipulations: <br /> <br />1) Property Tax Rates <br /> <br />a) The ad valorem property tax rate shall be set at 86.79 cents per $100 of assessed valuation. <br /> <br />b) The Chapel Hill-Carrboro City Schools District Tax shall be set at 20.18 cents per $100 of <br />assessed valuation. <br /> <br />c) The Fire District and Fire Service District tax rates shall be set at the following rates (all rates are <br />based on cents per $100 of assessed valuation): <br /> <br /> <br />• Cedar Grove 8.10 <br />• Greater Chapel Hill Fire Service District 14.91 <br />• Damascus 10.80 <br />• Efland 6.78 <br />• Eno 9.68 <br />• Little River 5.92 <br />• New Hope 9.94 <br />• Orange Grove 6.81 <br />• Orange Rural 9.15 <br />• South Orange Fire Service District 9.68 <br />• Southern Triangle Fire Service District 10.80 <br />• White Cross 12.37 <br /> <br /> <br /> <br /> <br />3