Agenda - 04-04-2000-0b - Laserfiche WebLink

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Education Funding in Orange County Funding Public Education in Orange County In developing various funding parameters far public education, staff considered the total General Fund appropriation for schools. Far fiscal year 1999-00, the County's allocation to education totaled $48,371,435 or 48.27 of the total General Fund budget of $100,251,148. The following chart provides a breakdown of the categories: Figure 3: Elements of Education Funding ~o of 1999- 00 General 1999-00 General Fund Current lx erase Based on u it $34 537 104 34.4696 3 cents on property tax; allocated to each school Recurrirt Ca ital s stem based on number of students enrolled $ 043 675 2.04% Debt Service Funded from sales tax & rtion of tax $8 968 305 8.95% One-half cent sales taxes and portion of prnperty Ca ital Pro'ects & Reserve tax $2 822 351 2.8296 371 35 48.27% The North Carolina Department of Public Instruction (DPn projected a total student enrollment of 15,309 for the two school districts located in Orange County fcr the 1999-00 fiscal year. Taking into consideration the total General Fund appropriation, the 1999-00 per pupil allocation is $3,160. (In calculating the amount per pupil, the total General Fund appropriation far education [$48,371,435] is divided by the total number of projected students [15,309]). This pea pupil allocation represents an increase of 5.43 percent over the 1998=99 fiscal year. For fiscal year 1999-00, it is projected that the Chapel Hill-Carrbaro City Schools will receive an additional $9,743,228 from the district's special district tax. This erluates to an additional $1,094 per pupil for that district ($9,743,228 divided by 8,903 students). Historical PerspectivelTrends As shown in the next chart, total funding far public schools in Orange County has comprised an average of 48.12 percent of the General Fund budget over the past five years. 10 Page 3 of 9