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36 <br /> 1 Slide #62 <br /> Article 46 Sales Tax — page 76 <br /> • Board has requested staff review additional funding for Durham Tech from Article 46 <br /> pool. This will cause a larger gap in the fund. <br /> Scenario 3-Fund both Student Liaison Positions out of Article 46-$183,298,Reduce Durham Current Expense in General <br /> Fund by$47,270 so it only covers operational gap <br /> Article 46 Funding FM46 FT26.27 FT26.27 FT27.28 <br /> Revenue 5 3,195999 $ 3323,839 S 3,456,793 '5 3595,065 <br /> DNhr $ 1,009,605 $ i,031755 $ 1,D35,514 $ 8l`7 n7g <br /> Economic Development Department 458060 523 12 545979 569,719 <br /> Sup ort for General Fund Expenditures <br /> $ 276,fi92 5 229,627 $ 303,208 $ 317,468 <br /> Outside Grants.and Initiatives+Bath Durham Tach's Student Liaisons 1,057,019 $ 1A90,074 1,061,451 1,086,429 <br /> New Incentive Money 394,623 $ 389,071 $ 530,641 $ 902,310 <br /> Net Article 46 Casts <br /> I ncentive Sta rfing Balance $ 1027637 $ 333 30 <br /> ncentive Payments $ 1,08s,830 $ 2,391,979 $ 739 94 is 690 34a <br /> rwerdlve Deficit/Surplus 1 33MM Is 1669AM 1208,853) 11 <br /> 62 ORANGE <br /> RTH CA OUNATY <br /> 2 <br /> 3 Kirk Vaughn said the General Fund is the backstop for all other funds so anything this fund <br /> 4 cannot cover the general fund would have to cover. <br /> 5 Commissioner McKee asked if that scenario would increase the spread in the deficit. <br /> 6 Kirk Vaughn said it would be the worst impact on the deficit. <br /> 7 Commissioner McKee said it seems to him that this is robbing Peter to pay Paul. <br /> 8 Chair Bedford said she thinks the Board should spend more time with the schools and <br /> 9 Durham Tech soon, because it seems that the schools should be funding those student liaison <br /> 10 positions. She said she appreciates seeing the numbers. <br /> 11 Commissioner Fowler said in Scenario 1, there is already a gap in paying incentives. She <br /> 12 said this assumes there are funds coming in through the general fund they did not anticipate. <br /> 13 Kirk Vaughn said yes, that is part of the natural growth assumed in the general fund. <br /> 14 Commissioner Fowler said they were at 80% revenues from residential and 20% for <br /> 15 commercial, then they worked hard to get the split to 70%-30%. She said she has heard that they <br /> 16 are now back to 80%-20%. She asked what the current split is. She asked for more research on <br /> 17 that trend. She said it makes her question why they should seek out commercial if it does not help <br /> 18 in the end. She said maybe certain types of commercial are more helpful. <br /> 19 Chair Bedford said the type of commercial matters more than she understood. She said <br /> 20 the jobs piece is also very important. <br /> 21 Commissioner McKee said it is important to factor in the radical expansion of housing. He <br /> 22 said the percentage of housing rising faster than percentage of commercial, shifts the split back <br /> 23 to 80% residential. <br /> 24 Commissioner Fowler said residential went up by 52% and commercial only up by 30%. <br /> 25 Commissioner McKee said it is convoluted because of the increase in the number of <br /> 26 houses, the value of the homes, and the revaluation. He said that it can easily outweigh a <br /> 27 commercial enterprise. <br /> 28 Travis Myren said staff can do some more analysis on this. <br /> 29 <br /> 30 Slide #63 <br />