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HomeMy WebLinkAboutAgenda - 04-07-2011 - 2 ~~~~ ~~~ A~rfoN ~~i~~~ 1T~f~ 1"'1~ I ~~~ l~ee~ing ~~e: Aprfl ~, ~~~ ~ A~ofion Agenda ~~ern h~o~ UBJ~~'~ vl~ork Session fo discuss f~ropased Uses of Funds i:ron~ a f~over~f~er 8, ~0~~ Special Advisory Referendum Concerning the fwevy of a One-uar~er en# 1~ ~ounf Sales and Use Tax p~~~f~T~IEN~'~ Manager f=financial Services PUBf,I HEARING ~Y~h~} Yes ATT~O~fEN~`~~: A~#ahren~ ~: Ural Resolution Regarding Uses of f'oten~iaf Revenues from a One~~uar~erjent ~~~4} Coun#y Sales and Use Tai ~~FoRi~ATIO~V oNTA~T: Frank iiften, bounty fl~anager# ~~2300 Clarence rier~ Financial Services, fichael Talf~erf:~ Finanoiaf Services, PUff~oSE: To consider ar~d discuss. ~, Pubiio input received of the April ~~~ public hearing on potential uses for a One» quarter Oen# {~14} Oounty additional Sales and Use Tax} ~. Board priorities and a f~raft Resoiutivn regarding uses of a potentiaf revenues from a One-C~uarter Genf ~~I~~~ County additional Sales and Use Tai; . Rubfic educa#ion efforts fo ensure vo#ers ire ftnou~ledgeable regarding the balfof question in the resolution BA~ROU~lDt f_acl governments in forth Oarolina have hisforCcalfy refied heavily upon ad vaforem property taxes s their rnajor source of revenue For a r~un~ber of years, tf~e Orange bounty Board of Counfy Oor~n~issioners, the hlor~h arofina Association of our~ty Cornrr~issioners and many other focal governing hoards across the state loff~ie~ the North Carofin General Asserr~bly for legislative authority to expand counties' revenue options, theref~y lessening nounties~ reliance on propertytaxes. f~uring the 00~ legislative session, tl~e North Carolina General Assembly granted county boards of commissioners fhe authority fa levy, sub~eef to voter approval, an additional one quaver cenf {~14~} county sales and use tax referred to s #be Aricfe ~ safes and use tax. As authorised by tfe Oeneraf Assembly, tf~e Af~icfe ~ safes tax cannot apply to consumer food purchases. There ~ also no iegisla#ive requirement} ar rr~ecbanism, far cour~fies fo share the additional one-quarter cent sales faxv~rith municipalities Beteen Nover~ber ~, ~gg7 and December ~, ~O~g, ~'7 referendums on the quarter~cent sales tax have been hail in caunf~es, ~f those 7~`, ~ ~ ~rere approved and ~9 failed. This year one referendum has been held fo date and the quarter~cent sales # eras approved in Halifax Coun#y an February ~, ~~ , Thera arc o referendums scheduled far fhe rerr~ainder of g1 ~, Cabarrus County ~ is scheduled for Nlay ~ 7, 2~~ ~ end Buncombe Coun# is scheduled for November , ~Q~, A pc[al Advisory Referendum Concerning fhe Levy of a ~ne~~uarter Cent {~l4~ Coun#~ dales and Use Tax eras held in grange Coun#~ on November , 0'I g, The election results v~ere ~,~ votes casf ~~~ and ~~,9 votes AGAINST an additional one~quarter cent {~~~} county sales and use fax, The first possible date the Board can consider fog a special Advisory Referendum Concerning the Levy of one-Cuarter Cent {114} County dales and Use Tax referendum, is November ~, ~0~~~ North Carolina General fatutes ~~-4~ states that "The county board of elections shah fix the date of fhe special elecfian, except that the special election sba[i not be held on fhe date or v~itbin 6g days of any biennial election of county officers, nor uvifhin one gear from the date frar~ the date last preceding special elec#ion under the sec#ion," Although a public bearing is naf required by fhe North Carolina General statutes, the Board held a publio bearing on March ~ , X01 ~ to solicit comments from the public on a possible November ~€ X01 ~ special Advisory Referendum Concerning fhe Levy of a ~ne,C~uarter Genf {~~~} County dales and Use Tax After the public hearing, the Board discussed the pofentia[ referendum and directed staff fo place the attached Resalu#ion scheduling special Advisory Referendum Canoerning the Levy of a Cne-quarter cent {1~4} Coun#}~ dales and Use Tax an the April 5, ~~~~ meetingR fiver the past fey months the Board has discussed both Bduca#ion and Fcor~ornic Development s having a high priority ~uhen considering pofential uses for revenues generated from the ~ne~~uarter Dent {114~~ County dales and Use Tax. Along-term oommitrnen# of ten ears has also been discussed. The Board also held a ublic hearin at the Y ~ g April ~, ~g~ ~ meeting, on the possible uses for the potential proceeds from the additional sales tax if approved by voters. fending approval of the Referendum Resolution concerning fhe Levy of ~ne^~uarter Genf {~14} Coun#y dales and Use Tax, the Baas[ may also ~ran# to consider discussing any public education efforts fo ensure voters are kr~o~uledeable regarding the ballot question. The North Carolina Association of County Commissioners recommends that counties under#alCe a pubiic education campaign to educate vo#erst Tho County did undertake a publio education effork for the previous Nvvernber g1 g sales tax referendum, if a nna~ority of voters approve fhe sales tax ~eferendurn, the Board ~vill be required to give fen {~ 0} days public notice of the Board's in#en~ to levy the fax. The Board v~ould then .hard a required public bearing and consider a neuv resolution to actually levy the tax The Board musf adopt that additional resolution in order far fhc tax to tale effect. Based an election certification timeframes, the Board of Comrr~issioners' regular meeting schedule, and timing and ofher requirements associated ~vith fhe North Carolina Department of Revenue and Noah Carolina Genera[ statute ~ g~M4~, the earliest date the adds#iar~l sales tax could become effective fol~o~ring a November ~, X01 ~ referendum ~rould be April , 2g ~ FINA11~C1~41~ I1PAT': there i no financial impact associated vii#h hafding publio hearing on potential uses for a ne~~uarter dent ~~1~4~} noun#y ~ and Case lax. If a rna~ori#y of voters approve the sales #a~t, and the Board of ornrnisioner in~plen~en# #ho sales tax as soon affer the November ~, ~ ~ referendum as possible, ~# couid have an effec#i~re da#~ of April ~ ~ ~~~. Approximately ,000 ~rould be generated during the rerr~ainderllast quarter of FY 20~ ~ ~~ . As n add i#ional revenue source in the follo~ring years, the sales and use taxv~rould generate approxin~atel~ ~,OO,ooo annually forthe ~ounty~ ~~~l~I~~N~ATiN{}; ~fhe Manager recorn~ends the Board: ~ } Revie and discuss proposed uses of the potential sales #a~c revenues; ~~ Provide any direction to #aff in prepara#ion for the Board's ac#ion as appropriate be considered at the Aprii ~8, ~~ ~ regular meeting } Provide direr#ion to s#aff on next steps relating to any public educa#ion efforts #o ensure voters are knovtiriedgeable regarding the ballot goes#ion in the resolution. DRAFT ORANGE COUNTY BOARD OF COMMISSIONERS A Resolution Regarding Uses of Potential Revenues from aOne-Quaver Cent (114¢} County Sales and Use Tax UvH~~~A, there are significant pressing infrastructure economic development, school, and other County capital needs that are precipitated by growth pressures and the nevi economic reality facing Orange bounty; and 1fvHBR~A, it is important to provide Orange County taxpayers Frith alternatives to the pressure to raise propertytaxes to address these and other County needs; and v~fHBRBAB, the levy of a Article ~ one~quarter cent ~~14~} County sales and use tax Mould provide a new County revenue source and v~rauld generate appraxirr~ately ,50a,aaa annually forthe County; and UvH~R~AB, it i important far Orange County to plan for future economic development that v~ill enable the County to recruit, retain, grow, and generate businesses and jobs that are desirablet and UIfH~R~~~ it is important that Orange County expand collaboration and cooperation of econor~ic develop~ent efforts and decisions bet~veen Orange County and the to~rns of Chapel Hill, Carrbara and Hillsborough and the cities of Mebane and ~~urham; and l~1fH~REA, it is important far Orange County to meet public schaol needs; and Ulf HBR~AB, the Beard of Commissioners establishes a year commitr~ent to allocate Article 4 one-quarter cent ~~~~} County sales and use tax proceeds as folla~rs: a. 5g°l~ of the funding Mill be allocated in an equitable manner betvueen the County's t~ra school systems for the dedicated purpose of facility in~proven~ents at ;alder' schools ~rithin all of Orange County and the procurement of technologyr each school system v~ill establish a list of prioritized greeds far older schools vuithin the County Funding provided by the passage of the referendum gill be allocated to those priaritixed projects, Progress v~ill be evaluated annually and ad~ustn~ents made according to needs agreed upon by the schaol Boards and Beard of County Commissioners; b. 0°l~ of the funding ~vill be allocated to fund infrastructure improvements needed for economic develaprnent initiatives that recruit ne~f businesses, expand existing businesses, provides fundi~rg far small business loans to grog businesses in Orange County; UIfH~REA~ if additional funding does not came from the one-quarter Dent {~1~4~ County sales and use tax, the property tax vrill be the primary funding source available far schools and economic developrrrrrt initiatives; 5 DRAFT I~v[~EREA, to distinguish and separate the revenues produced by this % cent ~[~ tax it approved b grange bounty voters, a pec'rai Revenue Fund rii~ be established tv receive and accoun# for the sales tax revenue. These funds vuill remain separate from the county's general fund to ~Ilo~r fir r~~re accurate tracl~ing of revenues and expenditures in accordance pith initial five year a[locativn plan established as part of this reso[utian; l~l~ily, THB~BFORB, BB lT RE~L116~ TFIAT the grange bounty Board of orr~rnisi~ner hereby states ~ its intent to use the revenues from the Article 4 on~~quarter cent ~~~~} bounty sales and use tax, if approved by the voters of grange County, far currently unfunded or underfunded econan~ic development and public school capita[ needs far a priad of ten years ~vith a scheduled irnpler~er~tatior~ data of Agri[ ~ , ~0~ ~. BE lT FURTI~BR R~LVB~ THAT proceeds from the one^,quarter cent ~~~4~} County sales and use tax in later years aril[ be used to address priorities as established by the Board of omr~issioners in the County's Capita[ lnvestr~ent Plan This the day ~f , ~~~~~ Bernadette Pelissierf Chair grange County Board of Con~n~issi~ners