Orange County NC Website
Browse       Search
10/18/02 <br /> Potential Phased Implementation Approach for Allocating Additional 1/2 Cent Sales Tax <br /> Effective December 1 , 2002 <br /> Date of Receipt from State Date of Receipt from State Date of Receipt from State <br /> February 15, 2002 May 15, 2002 August 15, 2002 I <br /> o o <br /> CD <br /> o <br /> CD o C o <br /> °mam ° 0m <br /> Examples of items that the BOCC may wish Examples of items that the BOCC may wish Examples of items that the BOCC may wish <br /> to consider funding with additional % cent to consider funding with additional '/2 cent to consider funding with additional %\cent <br /> sales tax revenue anticipated this quarter sales tax revenue anticipated this quarter sales tax revenue anticipated this quarter <br />_ ✓ Restore some portion of County's fund ✓ Restore some portion of County's fund ✓ Restore some portion of County's fund <br /> balance balance balance <br /> ✓ Restore some portion Public School ✓ Restore some portion Public School ✓ Restore some portion Public School <br /> Building Funds that were "frozen" in the Building Funds that were "frozen" in the Building Funds that were "frozen" in the <br /> State's approved budget for this year(total State's approved budget for this year(total State's approved budget for this year (total <br /> amount anticipated in current CIP is amount anticipated in current CIP is amount anticipated in current CIP is <br /> around $794,000) around $794,000) around $794,000) <br /> ✓ Reinstate some portion of Schools' ✓ Reinstate some portion of Schools' ✓ Reinstate some portion of Schools' <br /> recurring capital (amount of reduction recurring capital (amount of reduction recurring capital (amount of reduction <br /> reflected in current year budget totals reflected in current year budget totals reflected in current year budget totals <br /> $924,000) $924,000) $924,000) <br /> ✓ Begin phased-in implementation of the ✓ Offer additional assistance to employees ✓ Other items that the Board may wish to <br /> County's classification and pay study (with regarding the pay and benefit package consider <br /> possible implementation date of April 14, such as increased funding for dependent <br /> 2003 based on information presented at health insurance. <br /> the October 21, 2002 BOCC work session) ✓ Other items that the Board may wish to <br /> ✓ Offer additional assistance to employees consider <br /> regarding the pay and benefit package <br /> such as increased funding for dependent <br /> health insurance. <br /> Estimates prepared by the NC Association of County Commissioners project an additional $1.8 million for Orange County in fiscal year <br /> 2002-03. <br /> LAO <br />