Orange County officials continue to wonder why living in the county is unaffordable to so many families. It’s not rocket science, it’s simple math. First, the taxing and spending continues.
The Orange County Board of Commissioners approved a $200.4 million budget Tuesday that adds two cents to the tax rate.
The 2014-15 budget also uses $10 million in county savings to cover additional spending. It gives all county employees a 1.5 percent pay raise.
Roughly 49 percent of next year’s revenues will support local education. The Chapel Hill-Carrboro City Schools will receive $44 million, while the Orange County Schools will get $28 million. Both systems also receive additional funding for building and maintenance projects.
The county tax rate will be 87.8 cents per $100 in assessed property value. The county tax bill for a home valued at $300,000 would be $2,634.
Next comes formation of the poverty council. Below is an excerpt from a county email I received, summarizing the board of commissioners meeting of June 17. Note item C.
7. Regular Agenda
a. Approval of Fiscal Year 2014-15 Budget Ordinance, County Grant Projects, and County Fee Schedule
The Board voted to approve the Fiscal Year 2014-15 Budget Ordinance, County Grant Projects, and County Fee Schedule. The ad valorem property tax rate increased two cents for a new rate of 87.8 cents per $100 of assessed value.
b. Approval of the Five-Year Capital Investment Plan and Adoption of the County Capital Projects of $6,150,636 and the School Capital Pay-As-You-Go Projects of $3,724,849 for FY2014-15
The Board approved the FY2014-19 Orange County Five-Year Capital Investment Plan, and adopted the County Capital Projects of $6,150,636 and the School Capital Pay-As-You-Go Projects of $3,724,849 for FY2014-15.
c. Proposal to Create an Orange County Child Poverty Council (OCCPC)
The Board approved the structure, designated/confirmed organizations to be represented and appointed Commissioners Dorosin and Pelissier to the Orange County Child Poverty Council.