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HomeMy WebLinkAboutAgenda - 04-06-2010 - 7a ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: April 0, 2010 Action Agenda Item No. 7—a SUBJECT: Sales Tax Distribution Method for Fiscal Year 2010-2011 DEPARTMENT: Financial Services PUBLIC HEARING: (YIN) No ATTACHMENTS): INFORMATION CONTACT: Attachment 1. Property Tax Levies for Clarence Grier, (919) 245-2453 201 0-2011 (Preliminary Michael Talbert (919) 245-2153 Orange County Levies) Attachment 2. Orange County Sales Tax Distribution Options 2009- 2410 Attachment 3. Property Tax Rate Impact by Local Government of Change in Sales Tax Distribution PURPOSE: To review Sales Tax Distribution Options and to confirm that the Orange County distribution of local option sales tax will remain based on Population for Fiscal Year 201 0-2011. BACKGROUND: The Board of County Commissioners was first granted the option of a 1 cent Local Government Sales and Use tax by the General Assembly in 1971. Article 39, which allows the County to levy the tax, also spells out two different options for the County to select for distribution of the funds between the County and municipalities. This distribution option not only applies to the original 1 cent sales and use tax, but to all local government sales and use tax ,levied in Orange County. The first option is to distribute the sales tax collected based on population. The formula takes the County's population and adds all individual municipal populations. The percent of each individual municipalities population divided by that grand total is used to allocate the sales tax revenue. This method has been used by Orange County for at least the last 20 years. The second option is to distribute the sales tax collected based on the Ad Valorem Property Tax Levied by each taxing unit of local government. Attachment 1 lists the 2009-2010 Property Tax Levies by taxing unit of local government and is furnished by the North Carolina Department of Revenue. Orange County is the taxing unit of local government for not only Orange County, but for all special tax districts located in Orange County. Attachment 2 provides an estimate of sales tax revenues distributed within Orange County by municipality. Under option one, only the 2 County and Cities and Towns receive sales tax revenue. Under option two, in addition to the County, Cities & Towns, and all special tax districts also receive Sales tax revenues. The Board of Commissioners has two different methods available to distribute sales tax revenue and each has distinct advantages and disadvantages to the County. There are no new revenues created. The two options are different methods to distribute existing sales tax revenues. CURRENT SITUTATION: orange county has used the Population Method for the distribution of sales tax revenues for at least the last 20 years. If the Board wishes to change the method of distribution, the Board of County commissioners shall adopt by resolution during the month of April the method of distribution of sales tax revenues that shall be in effect for the next fiscal year. if the Board fails to adopt a resolution changing the method of distribution, the method of distribution currently in effect shall continue for the following fiscal year. FINANCIAL IMPACT: Attachment 3 estimates the property tax rate impact on local governments of a change from a Population based distribution to the Property Tax Levy method. If the Board of county commissioners were to adopt the Ad Valorem Property Tax Levy distribution option for local option sales tax, it would have a negative material impact on all Cities and Towns. The County and all special taxing districts would benefit from the change at the expense of the Cities and Towns. Estimated amounts of revenues gained by the County & Special Taxing Districts: o orange County $ 981,597 o Chapel Hill Carrboro City Schools $2,439,525 o All Fire Districts $ 413,579 o Chapel Hill Downtown Service District $ 21,579 Estimated amounts of revenues lost by the Cities & Towns: o Carrboro $ 999,095 a Chapel Hill $2$5439115 o Durham $ 17042 o Hillsborough $ 235,105 o Mebane $ 879122 RECOMMENDATION(S): No change a to the current sales tax distribution methodology is � recommended at this time. The Manager recommends the Board confirm the selection of the 'Population' option for distributing local option sales taxes within orange county for Fiscal Year 2010 - 2011. A change to the 'Ad Valorem' option increases sales tax revenues to the County, but does so to the financial detriment of the Towns. The disparity of revenues-between the two methods is substantial and continuation of the 'Population' option highlights a positive financial impact to the Towns. While not highlighted in the past, this is a commitment by the Board of Commissioners deserving of an acknowledgement. 3 By the end of April each year, the County at its sole discretion has the option to select the method of sales tax revenue distribution for the following fiscal year. The County should evaluate its options annually so it may analyze the impacts a change in distribution formulas would generate. At a future time it may be appropriate to consider the alternative option available. Orange99 March 3, 2014 Attachment 1 2009-10 PROPERTY TAX LEVIES FOR 2010-2011 FISCAL YEAR AD VALOREM DISTRIBUTIONS PRELIMINARY ORANGE COUNTY LEVIES School Special Total Percent of Levy Districts Districts Levy Total Levy $ $ [$1 Grange county 133,251,046 18,73'1,250 31175,422 155,157,718 75.8092 Carrboro 11,337,433 0 0 11,337,433 5.5394 Chapel Hill: In Grange county 32,322971 0 0 1651681, 321488,391 15.8735 Durham: In Grange County 40,606 0 0 40,606 .0198 Hillisborough 41686,896 0 0 4,686,896 2.2900 Mebane: In Orange county 957,733 0 0 957,733 .4679 Total $182,5969424 $18,7311250 $393419103 $204,668,777 100.0000 Note: Figures shown are preliminary and subject to change. Final reports will be available July, 2010. Attachment 2 Option 2 -Based on Ad Valorem Tax Levy Sales Tax Ad Valorem Estimated Increase Tax Levy 2009/2010 Percent Bud et 2009/2010 (Decrease) Orange $ 13312517046 65.1057% 17,355,102 981,697 C H CCS $ 18,731,250 9.1520% 214393626 25439,626 Fire Districts $ 31175,422 1.5515% 413,579 4139579 Carrboro $ 11,337,433 5.5394% 114761629 (990,096) Chapel Hill $ 3213221710 15.7927% 41209,827 (2,543,115) Chapel Hill Downtown Dist $ 165,681 0.0810% 211579 21,579 Durham $ 401606 0.0198% 51289 (19042) Hillsborough $ 41686,896 2.2900% 6107438 (235,105) Mebane $ 9571733 0.4679% 1241739 (879122) $2041668,777 26,656,807 100.0000% Option 1 -Based on Population Existing 2009/2010 Sales Tax Distribution Orange 129,295 61.42298% 16,373,405 Carrboro 191479 9.25364% 2,466,725 Chapel Hill 531326 25.33290% 61752,942 Durham 50 0.02375% 61331 Hillsborough 69677 3.17196% 845,543 Mebane 11673 0.79477% 2111860 2101499 100.0000% 26,656,807 Orange County Budget 161373,405 Estimated Total County& Municipal Distribution 261656,807 cn Attachment 3 Property Tax Rate Impact by Local Government 2009/2010 of Change in 2009/2010 Property Tax Property Tax Rate Increase Adjusted Sales Tax Distribution Property Tax Revenue From (Decrease) Likely Property Tax Rate in Cents one Cent For Distribution Change Rate in Cents In Cents Orange County 85.80000 1,505,359 (0.6521) 86.45213 CHCCS 18.84000 993,725 (2.4550) 21.29503 Fire Districts Cedar Grove 6.36000 26,993 (0.8273) 7.18729 Chapel Hill 2.16000 414 (0.1589) 2.31891 Damascus 5.00000 91113 (0.6670) 5.66703 Southern Triangle 5.00000 33,222 (0.6645) 5.66450 Efland 4.66000 65,071 (0.6147) 5.27470 Eno 4.99000 82,313 (0.6589) 5.64892 Little River 4.06000 411118 (0.5314) 4.59144 New Hope 5.70000 56,222 (0.7416) 6.44158 Grange Grove 3.58000 751934 (0.4628) 4.04276 Orange Rural 5.36000 1191009 (0.7116) 6.07157 South Orange 7.85000 541461 (1.0314) 8.88141 White Cross 6.00000 377064 (0.7892) 6.78922 Carrboro 58.94000 1847320 5.3716 64.31162 Chapel Hill 49.40000 685,000 3.7126 53.11258 Chapel Hill Downtown Dist 7.10000 23,000 (0.9382) 8.03821 Durham 70.81000 216101187 0.0004 70.81040 Hillsborough 62.00000 681426 3.4359 65.43590 Mebane 47.00000 20,377 4.2754 51.27543 cn