[Durham INC] Ed Tax

[Richard Ford]

Thanks Pat.

I would be more comfortable if Durham County had followed this model from Orange County, which I copied from the Orange County website.

What will these funds be used for?
The Board of Commissioners resolved in a June 21, 2011 resolution to designate funds raised through the Article 46 one-quarter cent (1/4¢) sales and use tax for the next  ten years as follows:

Schools - 50% of the funding will be allocated in an equitable manner between the County’s two school systems, based on the Average Daily Membership of each school system, for the dedicated purpose of funding capital projects, including but not limited to facility improvements at ‘older’ schools and the procurement of technology.  The Board requests that each school system furnish the Board of Commissioners with a detailed list of prioritized projects that could be completed with anticipated funding over the next ten years.  The Board will evaluate the projects and approve a ten-year plan which will be incorporated into the County's Capital Investment Plan.  As part of the Capital Investment Plan annual review, progress will be evaluated annually and adjustments made according to needs agreed upon by the School Boards and Board of County Commissioners ;
Economic Development - 50% of the funding will be allocated to Economic Development initiatives generally as shone on the attached chart and the Board of Commissioners will approve a ten-year Economic Development Plan as part of the County's Capital Investment Plan ;
Will the areas identified for funding be permanent or change?
The resolution covering the division of funds is for the next ten-years.


Dick
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