2013/10/21 RESOLUTION TO PLACE ANY PROCEEDS FROM THE 1/4 CT SALES TAX INTO SCHOOL CAPITAL FUND®Harnett
COUNT Y
NORTH CAROLINA
w .harnemorg
RESOLUTION OF THE HARNETT COUNTY BOARD OF COMMISSIONERS
TO PLACE ANY PROCEEDS FROM THE' /, CENT SALES TAX
INTO A SCHOOL CAPITAL FUND
WHEREAS, the Harnett County Board of Commissioners has a record of responsiveness to the
capital needs of the public school system in providing adequate facilities: and
WHEREAS, Harnett County is facing unprecedented growth pressures as indicated by the 2010
Census and State projections indicate these trends will continue for the next two decades as the
third fastest growing County in North Carolina; and
WHEREAS, the County's fiscal condition is stressed with significant debt load, depleted fund
balance reserves and a structural budget deficit: and
WHEREAS, the Board of Education has an established capital improvement plan to address the
needs of the County: and
WHEREAS, this burden should not be placed solely on the land owners, and property tax payers
of Harnett County citizens, working families and retirees; and
WHEREAS, this improvement plan can be further aided if the sales tax funds are available to
provide needed debt service for construction and renovation projects within the school system.
NOW THEREFORE BE IT RESOLVED, should the '''A cent sales tax be approved by the voters
on November 5, 2013, the Harnett County Board of Commissioners commits to setting aside all
proceeds from this local option sales tax into a capital reserve fund to be used for school
construction, renovation and improvement projects as agreed by the Harnett County Board of
Commissioners and Harnett County Board of Education.
Adopted this the 21i° day of October. 2013.
1h
rrr''" HARNETT COUNTY BOARD OF COMMISSIONERS
e0h;IIa�W�y:
By:
Jim Bur Chairman
ATTEST: �''•.,f'Odl?'1 r
A
Regina Wgeeler, Clerk
strong roots • new growth