Orange County NC Website
updated 8112/05 <br />CHCCS. Attachment 3c of #his agenda abstract offers additional details <br />related to this topic including aten-year projection of revenues. <br />6) How much per pupil funding would an OCS district tax generate for that system? <br />For fiscal year 2006-07, it is projected that each penny on an OCS district <br />fax would generate $427,136. Based on the most recent Schools Adequate <br />Public Facilities Ordinance (SAPFO) student membership projections for <br />school year 2006-07, it is estimated that per pupil funding would equate to <br />$60 for each of the anticipated 7,120 OCS students. Attachment 4 of this <br />agenda abstract offers additional details related to this topic. <br />7) How much per pupil funding does the CHCCS district tax generate for that <br />system? <br />For the current 2005-06 fiscal year, one penny is estimated to generate <br />$761,893 or $70 per student for the projected 10,863 CHCCS students. <br />When that amount is multiplied by the 2005-06 approved CHGGS district tax <br />rate of 18.34 cents, it is projected that revenue generated by the CHCCS <br />district tax would be approximately $13.973 million or $1,286 per student. <br />As a point of comparison with question 6 above, for fiscal year 2006-07, it <br />is projected that each penny on the CHCCS district tax would generate <br />$791,156 or approximately $70 for each of the anticipated 11,256 CHCCS <br />students. <br />8) How much per pupil funding would be generated by the QGS share of a <br />countywide supplemental district tax? <br />For fiscal year 2006-07, the OCS projected share of one cent on a <br />countywide supplemental district tax would equate to $472,026. When <br />applied to the projected 2006-07-student membership of 7,120, the amount <br />per pupil would be approximately $66 per student. Attachment 3c of this <br />agenda abstract offers afen-year projection of the countywide property tax <br />estimates, <br />9) Haw much per pupil funding would be generated by the GHCGS share of a <br />countywide supplemental district tax? <br />For fiscal year 2006-07, the CHCCS projected share of one cent on a <br />countywide supplemental district tax would equate to $746,267. When <br />applied fo the projected 2006-07-student membership of 11,256, the amount <br />per pupil would be approximately $66 per student. Attachment 3c of this <br />agenda abstract offers aten-year projection of the countywide property tax <br />estimates. <br />Page 2 of 6 <br />