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42 <br /> 1 Commissioner McKee asked if the 7% is a projected number and the 3% is an allocated <br /> 2 number. He asked how they can have an assurance that there will be 7% increase in the <br /> 3 county. <br /> 4 Travis Myren said that both are budget numbers and they are both projections because <br /> 5 the budget has to be balanced and based on something. <br /> 6 Commissioner McKee asked if the 3% recommended allocation to the schools is a solid <br /> 7 number is. <br /> 8 Travis Myren said yes. <br /> 9 Commissioner McKee said that once they pass the budget, then that number is solid. He <br /> 10 said that the 7% income is a projection and is not a static number. He said he understands the <br /> 11 rationale. <br /> 12 Commissioner Hamilton said that is why there is fund balance. She said that is probably <br /> 13 why the schools want to hold on to a fund balance as well. She said they have the ability to <br /> 14 adjust with taxes, but the schools do not. <br /> 15 Commissioner McKee said they either need to reduce other areas of need or add a tax <br /> 16 increase above the 1 cent. He said he does not want to be where they were in the 1990's with <br /> 17 tax increases. He said that he could easily justify exceeding the request of the schools but he <br /> 18 can't justify the taxing side of it. He said that there isa balance for him. <br /> 19 Travis Myren said he would review the percentage changes in revenues and <br /> 20 expenditures and get back with the Board. <br /> 21 <br /> 22 Slide #10 <br /> Recommended School Funding <br /> • Changes in the Operating Budget for Schools <br /> FYZUZZ-23Operating Budget <br /> , = Ap prGved Bu.V: <br /> CurYent Expense $4,225,595 Three percent;3%1 Increase <br /> RecurringCapi#al $1.200.000 cdshfu�ningincAp+talBowE( ++ur@wPBou�a,i <br /> Debt Service ($1.930,093) 6ecrease based an acamI praj cls financed <br /> School Health and Safety 31051ses Three pervert JAI Increase <br /> TOTAL $3.603.590 Three Wi&t 13%1 Increase <br /> Target =Taal School Spendoi+ 13% Increase) <br /> General Fund Revenue (7% Increase) <br /> ORANGE COUNTY <br /> 10 1 O4=[CAROLINA <br /> 23 <br /> 24 <br /> 25 <br /> 26 <br />