HomeMy WebLinkAboutRES-2022-041-A Resolution regarding continued uses of revenues from a one quarter cent county sales and use tax RES- 2022 -041 ' 9 � �{ � � Attachment 4
ORANGE COUNTY BOARD OF COMMISSIONERS
RESOLUTION
A Resolution Regarding Continued Uses of Revenues from a One -Quarter Cent
( 1 /40 ) County Sales and Use Tax
WHEREAS , there remain significant pressing infrastructure , economic development , and
school needs ; and
WHEREAS , it is important to provide Orange County taxpayers with alternatives to the
property tax to address these needs ; and
WHEREAS , the levy of an Article 46 one - quarter cent ( 1 /40 ) County sales and use tax
has provided the County with a revenue source that is now generating over $ 4 , 000 , 000
annually for the County ; and
WHEREAS , it is important for Orange County to continue to invest in future economic
development that will enable the County to recruit , retain , grown , and generate
businesses and jobs that are desirable ; and
WHEREAS , it is important for Orange County to meet public school needs ; and
WHEREAS , the Board of Commissioners establishes a new ten -year commitment to
allocate Article 46 one - quarter cent ( 1 /4 ¢) , County sales and use tax proceeds as follows :
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a . 50 % of the funding will continue. to -be allocated between the County ' s two school
systems on the basis of average daily membership for the dedicated purpose of
funding capital projects , including but not limited to facility improvements 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 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 .
b . 50 % of the funding will be allocated to Economic Development initiatives including
but not limited to : funding utility infrastructure in the Economic Development
Districts needed to recruit and locate new businesses , business financial programs
to promote the recruitment , retention and expansion of new and existing
businesses , innovation centers to provide space for new start- up businesses ,
funding support for the County ' s agriculture businesses , and funding to support
workforce development needs ; and
WHEREAS , to distinguish and separate the revenues produced through this Y4 cent sales
tax , a Special Revenue Fund will continue to be utilized to receive and account for the
sales tax revenue . These funds will continue to remain separate from County' s general
funds to allow for more accurate tracking of revenues and expenditures in accordance
with a new ten -year allocation plan established as part of this resolution ;
NOW, THEREFORE , BE IT RESOLVED the Orange County Board of Commissioners
hereby states its intent to continue to use the revenues from the Article 46 one - quarter
cent ( 1 /40 ) County sales and use tax for continued economic development and public
school needs for an additional ten years .
BE IT FURTHER RESOLVED THAT proceeds from the one -quarter cent ( 1 /40 ) County
sales and use tax in later years will be used to address priorities as established by the
Board of Commissioners in the County' s Capital Investment Plan .
This the 6t" day of September , 2022 .
Loow A* P icivy AA&
Renee Pri e , Chair
Orange County Board of Commissioners
Laura Jens Clerk to the Board 0
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