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42 <br /> Commissioner McKee asked if the 7% is a projected number and the 3% is an allocated <br /> number. He asked how they can have an assurance that there will be 7% increase in the <br /> county. <br /> Travis Myren said that both are budget numbers and they are both projections because <br /> the budget has to be balanced and based on something. <br /> Commissioner McKee asked if the 3% recommended allocation to the schools is a solid <br /> number is. <br /> Travis Myren said yes. <br /> Commissioner McKee said that once they pass the budget, then that number is solid. <br /> He said that the 7% income is a projection and is not a static number. He said he understands <br /> the rationale. <br /> Commissioner Hamilton said that is why there is fund balance. She said that is probably <br /> why the schools want to hold on to a fund balance as well. She said they have the ability to <br /> adjust with taxes, but the schools do not. <br /> Commissioner McKee said they either need to reduce other areas of need or add a tax <br /> increase above the 1 cent. He said he does not want to be where they were in the 1990's with <br /> tax increases. He said that he could easily justify exceeding the request of the schools but he <br /> can't justify the taxing side of it. He said that there isa balance for him. <br /> Travis Myren said he would review the percentage changes in revenues and <br /> expenditures and get back with the Board. <br /> Slide #10 <br /> Recommended School Funding <br /> • Changes in the Operating Budget for Srhaols <br /> Operating Budget <br /> . : Appro ved BudgM <br /> Current Expense $4,225.595 Three percert;3%JIncrease <br /> (Recurring Capital $1.200.000 cash Finding incapiNll Bude gt.plot Now Rewurces <br /> Debt Serwoce ($1.93003) Cerrees,e ta9ed an e,cD-nI pra)Lm nuanced <br /> School Health and Safety $108.868 Three perce"{3%I In[rgase <br /> TOTAL $3,603,690 Three percent;3%1 Increase <br /> Target=Total School Srendlna t3%Inereasel <br /> General Fund Revenue (7%Increase) <br /> ORANGE COUNTY <br /> 10 W-)R7]I CAROLINA <br />