Orange County NC Website
Browse       Search
37 <br /> 1 <br /> 2 A Special Revenue Fund was established to receive and account for the One-Quarter Cent <br /> 3 1/4¢) County Sales and Use Tax. The funds have remained separate from the County's General <br /> 4 Fund to allow for more accurate tracking of revenues and expenditures in accordance with the <br /> 5 initial ten-year allocation plan. Collections for the initial ten-year period have been as follows: <br /> 6 <br /> _ 2012 $709,663.25 <br /> 2013 $2,732,717.94 <br /> 2014 $2,859,674.61 <br /> 2015 $3,000,536.84 <br /> 2016 $3,215,661.88 <br /> 2017 $3,535,129.93 <br /> 2018 $3,725,492.96 <br /> 2019 $3,987,946.55 <br /> 2020 $3,674,507.75 <br /> 2021 $4,318,897.26 <br /> 2022 $1,282,154.63 <br /> (Partial Reporting) <br /> Total $26,367,339.01 <br /> 7 <br /> 8 During the 2012 to mid-year 2022 period, Orange County Schools and Chapel Hill Carrboro City <br /> 9 Schools have received 50% or $13,183,669.51 of the total Article 46 revenues. <br /> 10 <br /> 1 1 As the initial ten-year period for Article 46 funding has expired, the following categories for the <br /> 12 Economic Development portion of Article 46 funding are being proposed. It is anticipated that <br /> 13 the Education portion of Article 46 will remain as outlined in the original Resolution. <br /> . :. <br /> Debt Service on Utility $881,720 <br /> Infrastructure <br /> Examples include: Installation of backbone water and sewer infrastructure in the Economic <br /> Development Districts <br /> Economic Development $272,000 <br /> Partnerships <br /> Examples include: Economic Development Summit, Chambers of Commerce Dues, UPROAR <br /> Art Festival, Collaborative Outreach with Municipalities, Durham Technical Community <br /> College's Small Business Program, Research Triangle Regional Partnership Dues <br /> Entrepreneurship 1 $325,500 <br /> Examples Include: Launch Inc. Innovation Center, Eno Mill Arts Incubator, Piedmont Food <br /> Processing Center <br /> Agriculture Economic $195,340 <br /> Development <br /> Examples Include: Agriculture Summit, Breeze Farm Contribution, Farm App, Partial Funding <br /> of Agriculture Economic Developer Position, Agriculture Grant Program <br /> Business Financial $825,000 <br /> Programs <br /> Examples Include: Business Investment Grants, Company Incentives <br /> Economic Development $502,894 <br /> Operations <br />