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20 <br /> 1 Slide #19 <br /> BENEFITS <br /> Yal <br /> 2 <br /> 3 <br /> 4 Slide #20 <br /> CONTEXT FOR THE RECOMMENDATIONS <br /> • State of North Carolina contributes significantly less than the national <br /> average to local district capital needs* <br /> • National average for state contributions to local district capital outlay = 229` <br /> • NC averages 10% <br /> • NC contribution to orange County school capital outlayav'eraged 5%from 2015-present <br /> • IVC districts average half the long-term debt per student, <br /> • Likely compounded by the lack of state investment, <br /> • Long-term debt is the standards means for major capital investment <br /> • NC has the third lowest investment in M&O per square feet of schools in the nation <br /> • This context increases the local burden on NC counties to fund school <br /> facilities yet does not change realities of the need <br /> "FrI❑ado-,M�iy.2L2I 5tote of C7m 5n5ooi�Amertrds W[-13 PtrBPic 5cxw1 FncrJrrres 7071.[M1L shrnoton,O.t.21st Century Srboo(Fund. ;°r <br /> 5 <br /> 6 David Sturtz said that he met with finance staff before the meeting. He said he wanted to <br /> 7 be prepared because this is an incredibly difficult task. He said the state contributes only 5% to <br /> 8 Orange County and that the national average is 50%. He said that NC has the third lowest <br /> 9 investment in maintenance and operation per square foot in the nation. He said that increases <br /> 10 the local burden, but it does not change the reality of the need. <br /> 11 <br /> 12 <br />