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1 <br /> APPROVED 6/20/2017 <br /> MINUTES <br /> BOARD OF COMMISSIONERS <br /> BUDGET PUBLIC HEARING <br /> May 18, 2017 <br /> 7:00 p.m. <br /> The Orange County Board of Commissioners met for a work session on Thursday, May 18, 2017 <br /> at 7:00 p.m. at the Southern Human Services Center in Chapel Hill, N.C. <br /> COUNTY COMMISSIONERS PRESENT: Commissioners Barry Jacobs, Earl McKee, Mark <br /> Marcoplos, Renee Price and Penny Rich <br /> COUNTY COMMISSIONERS ABSENT: Chair Mark Dorosin and Commissioner Mia Burroughs <br /> COUNTY ATTORNEYS PRESENT: John Roberts <br /> COUNTY STAFF PRESENT: County Manager Bonnie Hammersley, Deputy County Manager <br /> Travis Myren and Clerk to the Board Donna Baker (All other staff members will be identified <br /> appropriately below) <br /> Vice Chair Rich called the meeting to order at 7:03 p.m. <br /> Vice Chair Rich said Chair Dorosin and Commissioner Burroughs would be unable to <br /> attend tonight, and that Commissioner McKee would be late. <br /> 1. Opening Remarks <br /> PUBLIC CHARGE <br /> Vice Chair Rich dispensed with the reading of the Public Charge <br /> 2. Presentation of County Manager's Recommended FY 2017-18 Budget <br /> FY2017-18 <br /> COUNTY MANAGER <br /> RECOMMENDED BUDGET <br /> FY2017-18 Recommended Budget <br /> • Expenditures — Revenues -Tax Rate- graph <br /> • Assumptions-graph <br /> • Initiatives-graph' <br /> • School Funding-graph <br /> • Outside Agencies <br /> • Fire Districts <br /> 2017 Tax Year Revaluation (chart) <br /> ■ The revaluation resulted in a 6.5% increase in real property value, increasing the property <br /> tax base by over$1 billion to $16.8 billion. <br /> ■ Since the County's overall tax base increased, the County's revenue neutral rate decreases <br /> from 87.80 cents per$100 of value to 83.77 cents per$100 of value. <br /> Budgeted Expenditures and Revenues (graph) <br /> Budget Assumptions <br />