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FY 2008 -09 Major Funding Recommendations <br />The list below summarizes major funding elements included in the FY 2008 -09 recommended General Fund budget <br />and their corresponding ad valorem tax rate impacts. The tax rate equivalent of the drivers listed below total <br />more than the 8.8 cent tax rate increase recommended by the Manager meaning that some of the increases <br />were absorbed either by increases in non -tax dollars or decreases in other expenditures. <br />1 Fiscal Year 2007 -08 Ad Valorem Tax Rate 95.00 cents per $100 valuation <br />2 <br />3 Anticipated Amount One Cent on Fiscal Year 2008- $1,271,729 <br />09 Tax Rate Will Generate <br />4 <br />E <br />f <br />1f <br />1' <br />1: <br />1: <br />1� <br />1: <br />1f <br />ii <br />iE <br />1'. <br />21 <br />2' <br />2, <br />f'i This does not include additional Chapel Hill Carrboro City Schools funding of $18.6 million provided by the district's Special <br />District Tax. <br />Appendix A-3 <br />06/10/0@ <br />Tax Rate Equivalent in <br />Cumulative Tax Rate Needed <br />$ of <br />Addition to FY 2007-08 <br />to Fund Items Identified in <br />Proposed Budget Increases Associated With: <br />Increase <br />Increase <br />per $10 <br />Tax Rate (cents per $100 <br />Column B (FY 2007 -08 Tax <br />valuation) <br />Rate (95 cents per $100 <br />valuation) Plus Increase) <br />Increased Debt Service (net) <br />'$2,016,983 <br />1.59 <br />96.59 <br />Education Funding <br />Increase Per Pupil Funding From Current Rate of <br />$3,069 to $3,256 - An Increase of $187 Per Pupil <br />(Equates to total increase of $3,176,097 for <br />$4,767,470 <br />3.75 <br />100.33 <br />Chapel Hill Carrboro City Schools and increase of <br />$1,599,373 for Orange County Schools) <br />Full Year Funding for Durham Technical <br />$386,003 <br />0.30 <br />100.64 <br />Community College Orange County Campus <br />Transition Long -Term Temporary Positions to <br />$139,000 <br />0.11 <br />100.75 <br />Permanent Positions <br />County's Contribution to Greene Tract Repayment <br />$90,549 <br />0.07 <br />100.82 <br />County Employee Compensation Plan <br />100.82 <br />Cost of Living Adjustment (Preliminary <br />considerations include a 2.5% Cost of Living <br />$1,000,036 <br />0.79 <br />101.61 <br />Increase for all County employees, effective July <br />1, 2008. Each 1% COLA increase = $400,092) <br />In -Range Awards Based on Employee <br />Performance (Preliminary Considerations Provide <br />$220,710 <br />0.17 <br />101.78 <br />for 1% for Proficient and 3% for Exceptional) <br />Health Insurance Rate Increase for Current and <br />Retired County Employees (Assumes 8% Annual <br />$264,000 <br />0.21 <br />101.99 <br />Increase and No Change in Existing Plans) <br />Health Insurance Increase for Retiree Coverage <br />$124,337 <br />0.10 <br />102.08 <br />Equity Retention to Address Phase I of <br />$200,000 <br />0.16 <br />102.24 <br />Classification and Pay Stud <br />Open New County Facilities (Includes Staffing and <br />Operating Costs; Does Not Include Debt Service <br />$2,520,557 <br />1.98 <br />104.22 <br />(see row 1 above) and One -Time Capital Costs <br />Outside Agencies Funding Recommendations from <br />$346,629 <br />0.27 <br />104.50 <br />Human Services Advisory Committee <br />County Operational Funding Increases Associated <br />with Inflation and Higher Costs (Approximately 2.3% <br />$531,766 <br />0.42 <br />104.91 <br />of total operational expenses) <br />Recommended New Staff Positions Not Associated <br />$847,399 <br />0.67 <br />105.58 <br />with Opening of New Facilities <br />Total <br />$13,455,439 <br />10.58 <br />f'i This does not include additional Chapel Hill Carrboro City Schools funding of $18.6 million provided by the district's Special <br />District Tax. <br />Appendix A-3 <br />06/10/0@ <br />