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Education Funding in Orange County <br />calculate all funding for education (current expense, recurring capital, debt service and long range <br />capital). The following chart provides information gathered: <br />F:Q.,.•o 7• i2oe.dte of Crhnnl FnnAina Cnrvev <br />- - County Formula <br />Brunswick County • Contract between County and School system in place <br /> • Thirty-seven percent of the tax rate is allocated to current <br /> expense <br /> • Debt service is funded from the school's portion of the one- <br /> half cent sales taxes <br />Chatham County • Formula in place <br /> • Current fiscal year per pupil allocation is multiplied by the <br /> State Department of Public Instruction projected enrollment. <br /> That amount is then increased using the Consumer Price <br /> Index (CPn <br /> • If CPI is less than three percent, schools are .guaranteed an <br /> increase of three ercent <br />Forsyth County • No formula in place <br /> • County Manager provides guidelines for school requests <br /> • Average increase for the past few years has been three-to- <br /> four cent <br />Lincoln County • No formula in place <br /> • Current expense funding is significantly lower than the state <br /> .average <br /> • Board of Commissioners adopted a four. year plan to bring <br /> the schools up to the state average <br /> • For fiscal year 1999-00 total school funding is $11.9 million <br /> (26% of the Count 's General Fund bud et) <br />Moore County • No formula in place <br /> • Annual increase for schools is based on the increase in <br /> r valuation increase <br />Pitt County • Formula in place <br /> • Current fiscal yeaz per pupil appropriation is base <br /> • Annual percentage increase as determined by Consumer <br /> Price Index (CPn and Cost-of-Living Adjustment for County <br /> employees <br /> • Holds school systems "harmless" for new students <br /> • :School and County staff disagree on what source to use as <br /> avera a dail membershi (ADM <br />Scotland County • No formula in place <br /> • This is the only county in the state that is mandated to fund <br /> the school system at the. statewide local average (current <br /> expense only) <br /> • Annual average of $100,000 goes to recurring capital <br /> • Debt service paid from schools'. portion of one-half cent sales <br /> taxes <br />Wake County • Dedicated tax rate of thirty seven cents <br /> • ..This is far current expense and recurring capital <br /> • Debt service paid from schools' portion of one-half cent sales <br /> taxes <br />Page 2 of 9 <br />