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40 <br /> 1 Slide#26 <br /> Key Continuation Budget Cost Drivers <br /> Continuation Item Cost <br /> Base Salaries <br /> Base Salaries $ 1,294,864 <br /> Lccal Supplements <br /> Local Supplements 542,410 <br /> State Retirement <br /> State Retirement Matching 731,335 Matching <br /> Employer Paid Health Insurance Employsurance <br /> er Paid <br /> Premiums Premiums <br /> 236,515 "ea'th'° m�ams <br /> Social Security(FICA) 147,783 so`ial s�Fica8147,783 <br /> Non-salary Operating Costs 723,483 "on­lary <br /> operating costs <br /> Total Budgeted Continuation Costs $3,676,390 <br /> $0 13500,000 $1,000,000 <br /> Chapel Hill-Carrb—City Schaals i chcc,..,g THINK (AND ACT) <br /> 2 <br /> 3 <br /> 4 Slide#27 <br /> Projected Local Revenue Changes <br /> Special District Tax: <br /> • A 2%inflationary increase in the tax base is projected to generate$591,153 in additional revenue <br /> from the Special District Tax <br /> • Projection assumes no change to the current tax rate <br /> County Appropriation: <br /> • County appropriation levels are determined by the Board of County Commissioners and their staff <br /> • A 3%increase in the County appropriation would generate approximately$1.94 million in additional <br /> revenue <br /> Chapel Hill-C.arrbara City Schools i cho-org THINK (AND ACT) '® <br /> 5 <br /> 6 Jonathon Scott noted that the district benefits from a special district tax,from which it anticipates <br /> 7 approximately $600,000 in additional revenue from annual inflationary growth in property values. He <br /> 8 indicated that a 3% increase in the county appropriation would generate approximately $1.95 million in <br /> 9 additional revenue. <br /> 10 <br /> 11 <br />