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Exhibit H
<br />
<br />FOCUS SESSION ONE: SUPPLEMENTAL SCHOOL TAX
<br />
<br />What is the supplemental school tax and how does it work?
<br />
<br /> In addition to the general levy of property taxes for public purposes, counties
<br />may raise revenues for education with a supplemental school property tax. It is
<br />basically a tax against property owners limited to a maximum assessment of .50 per
<br />$100 property value. Jurisdictions exceeding 100,000 in population are authorized up
<br />to .60 per $100 valuation.
<br />
<br />Wtu~t legal fran~work is required?
<br />
<br /> Authorized by Chapter 115(2, Article 36 of the General Statutes, the
<br />supplemental school tax and its rate must be approved by referendum which
<br />additionally specifies whether the tax procc-ccls are to be used to supplement school
<br />current expense, capital expenditures, or both. Referenda may be held upon
<br />petitions by either the local school board or 25% of the qualified voters within the
<br />school district. After an approving referendum, the Board of Education, when
<br />submitting its annual budget to the County, may request the supplemental tax but
<br />not in excess of the what the voters have approved. The County Board of
<br />Commissioners is then authorized to approve or disapprove the request and levy the
<br />tax. Referenda are also used to consider increases in the supplemental tax rate.
<br />
<br />Where used in North Caroli~a?
<br />
<br />Nineteen counties levy the supplemental tax for their school system:
<br />
<br />Supplementary tax levies for local school districts, 1992-93:
<br />
<br /> Counties and Current Expense
<br /> Districts Valuation Rate Amount
<br />
<br />Group I: A. II ProperS' in County or City iJ subject to school tax levy
<br />
<br />_ Edgecombe
<br /> Edgecombe County S736,942,783 0.06
<br /> Tarboro 5554,126,463 0.0g
<br /> Ou;tford
<br /> Guilford County $9,008,822,650 0.0385
<br /> Graater Greensboro 57,423,I77,735 0.0673
<br /> H/gh Point $2,363,863,430 0.0841
<br /> Union County
<br /> Union County $3,190,312,844 0.05
<br /> Monroe $g55,731,798 O. 15
<br />
<br />· ~ubtotal Group I
<br />
<br />Debt Service Total
<br />
<br />$24,132,977,703
<br />
<br />Rate Amount Rate
<br />
<br />Amount
<br />
<br />$442,166 n/a n/a 0.06 $442,166
<br />$443,301 n/a i~a 0.08 $443,301
<br />
<br />53,468,397 n/a n/a 0.0385
<br />$4,995,799 fda n/a 0.0673
<br />51,988,009 I~/a n/a 0.0841
<br />
<br /> $1,595,156
<br /> $1,283,598
<br />
<br />514,216,426
<br />
<br />n/a nJa 0.05
<br />n/a n/a 0.15
<br />
<br />$3,465,397
<br />$4,995,799
<br />51,98g,009
<br />
<br />51,595,156
<br />$1,283,598
<br />
<br />S14,216,426
<br />
<br />81
<br />
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