Orange County NC Website
Updated 02112104 <br />3�- <br />Distribution of Proceeds from Hypothetical Countywide Supplemental Tax <br />Numbers may vary slightly due to rounding <br />Annual Projected moun <br />of Money Generated by <br />Each Cent on a <br />Hypothetical Countywide <br />Tax for FY 2003 -04 <br />OCS Share <br />CHCCS Share <br />1 Cent <br />974,876 <br />375,361 <br />599,515 <br />2 Cents <br />1,949,752 <br />750,723 <br />1,199,029 <br />3 Cents <br />2,924,628 <br />1,126,084 <br />1,798,544 <br />4 Cents <br />3,899,504 <br />1 1,501,446 <br />2,398,058 <br />5 Cents <br />4,874,380 <br />1 1,876,807 <br />2,997,573 <br />6 Cents <br />5,849,256 <br />1 2,252,168 <br />3,597,088 <br />7 Cents <br />6,824,132 <br />21627,530 <br />4,196,602 <br />8 Cents <br />7,799,008 <br />1 3,002,891 <br />4,796,117 <br />9 Cents <br />8,773,884 <br />1 3,378,253 <br />5,395,631 <br />10 Cents <br />9,748,760 <br />3,753,614 <br />5,995,146 <br />11 Cents <br />10,723,636 <br />4,128,976 <br />6,594,660 <br />12 Cents <br />11,698,512 <br />4,504,337 <br />7,194,175 <br />13 Cents <br />12,673,388 <br />4,879,698 <br />7,793,690 <br />14 Cents <br />13,648,264 <br />5,255,060 <br />8,393,204 <br />15 Cents <br />14,623,140 <br />5,630,421 <br />8,992,719 <br />16 Cents <br />15,598,016 <br />6,005,783 <br />9,592,233 <br />17 Cents <br />16,572,892 <br />6,381,144 <br />10,191,748 <br />18 Cents <br />17,547,768 <br />6,756,505 <br />10,791,263 <br />19 Cents <br />18,522,644 <br />7,131,867 <br />11,390,777 <br />20 Cents <br />19,497,520 <br />7,507,228 <br />11,990,292 <br />Potential <br />Reduction on <br />CHCCS District <br />Tax Rate (1) <br />0.96 cents <br />1.92 cents <br />2.88 cents <br />3.84 cents <br />4.80 cents <br />5.76 cents <br />6.71 cents <br />7.67 cents <br />8.63 cents <br />9.59 cents <br />10.55 cents <br />11.51 cents <br />12.47 cents <br />13.43 cents <br />14.39 cents <br />15.35 cents <br />16.31 cents <br />17.27 cents <br />18.22 cents <br />cen s <br />(1) If decision were made to reduce CHCCS district tax rate and proceeds to match CHCCS <br />share that would come from Countywide tax; based on projected revenue generated by one cent <br />on the CHCCS District Tax Rate for FY 2003 -04 totaling $625,035 <br />