Orange County NC Website
Browse       Search
27 <br /> School District Additional Employees: The number of additional employees required per <br /> school district based on the project development. <br /> SECTION 4 - PROJECTED NET FISCAL IMPACT ON COUNTY <br /> Tax Base: The tax base represents the increase in assessed property value expected each <br /> year resulting from project development. The values shown are in $1,000's and are derived <br /> from a formula which includes the number and sales price of homes, and the assessment <br /> ratio. Where applicable, the percentage of non-elderly units and elderly exemption are also <br /> used. <br /> Revenues: All revenues are derived from a formula which multiplies the per capita revenues <br /> (Section 2) times the projected population (Section 3). The exception to this is the property <br /> tax which multiplies the tax base times the county government tax rate. <br /> Expenditures: All expenditures are derived from a formula which multiplies the per <br /> employee expenditure (Section 2) times the number of additional employees (Section 3). <br /> Net Fiscal Impact: The net balance is the difference between projected expenditures and <br /> projected revenues. A negative net balance indicates that it costs Orange County more to <br /> provide services to a project than it receives in revenues. A positive net balance indicates that <br /> more revenues are received than it costs to sere a project. Positive net balances in one <br /> project may thus be used to offset negative balances in another. <br /> SECTION 5 PROJECTED NET FISCAL IMPACT ON SCHOOL DISTRICT <br /> Revenues: The County contribution is derived by transferring education expenditures by <br /> County government (Section 4). Revenues derived from the school district tax are derived by <br /> multiplying the school district tax times the tax base. State revenues are derived by <br /> multiplying the per student expenditure figure times the total projected number of school <br /> children (Section 3). <br /> Expenditures: Expenditures are derived from a formula which multiplies each per student <br /> expenditure (Section 2) times the total projected number of school children (Section 3) and <br /> adding the results. <br /> Net Fiscal Impact: The net balance is the difference between projected expenditures and <br /> projected revenues. A negative net balance indicates that it costs the school system more to <br /> provide educational services for children in a project than it receives in revenues. A positive <br /> net balance indicates that more revenues are received than it costs to serve a project. <br /> Positive net balances in one project may thus be used to offset negative balances in another. <br /> SECTION 6 - SUMMARY OF PROJECTED IMPACTS <br /> SECTION 7 - SUMMARY OF PROJECTED PUBLIC SCHOOL CAPACITY IMPACTS <br />