May 6 , 2014

SALES TAX REFERENDUM

0

32,500

65,000

97,500

130,000

162,500

195,000

227,500

260,000

292,500

325,000

Permanent Population 24,223 35,777 50,985 73,692 107,431 110,140 112,210 115,301

Peak Seasonal Population (Est.) 221,679 300,000 300,000 300,000

1970 1980 1990 2000 2010 2011 2012 2013

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on

Source: U.S. Census Bureau, North Carolina State Data Center, Brunswick County

47.7% 42.5% 44.5% (%) Increase by decade

Brunswick County’s Population

The County is currently the 47th fastest growing

county in the United States.

Permanent Population

Peak Seasonal Population

0

1,250

2,500

3,750

5,000

6,250

7,500

8,750

10,000

11,250

12,500

Students 10,085 10,318 10,426 10,528 10,788 11,133 11,523 11,548 11,673 11,739 11,969 12,026 12,201

Charter Students 69 149 260 382 498 594 675 670 717 808 866 896 898

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

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Po

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on

Numbers reflect average daily membership. Prior to 2010, charter school funding was based on monthly numbers; it is now calculated by 20th day enrollment.

Source: Brunswick County Schools

Brunswick County’s Student Population

Brunswick County Economic Overview: Assessed Valuation

$0

$4,000,000

$8,000,000

$12,000,000

$16,000,000

$20,000,000

$24,000,000

$28,000,000

$32,000,000

$36,000,000

$40,000,000

Th

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nd

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Assessed Value ($000) 9,563,63 9,835,79 10,336,4110,683,35 12,907,4113,567,69 14,490,2115,525,05 31,424,53 33,085,21 33,546,6 33,608,4 24,279,5 24,432,0 2470271024907384

2000 2001 2002 2003 2004 2005 2006 2007 2008 * 2009 2010 2011 2012 2013 2014 2015

Revaluation Year *Budgeted

NOTE: Revaluation of taxable property, required by NC State statutes at least every eight years, occurred at January 1, 1999, 2003 and 2007, and is reflected in the property values for the years ended June 30, 2000, 2004 and 2008. The County’s reassessment occurs every four years.

Source: Brunswick County

The County experienced

exponential growth in its ad valorem base in

FY08

Brunswick CountyHistorical Ad Valorem Tax Rate

$0.00

$0.10

$0.20

$0.30

$0.40

$0.50

$0.60

$0.70

$0.80

$0.90

Tax Rate per $100 0.5500 0.5650 0.5925 0.5925 0.5200 0.5400 0.5400 0.5400 0.3050 0.3050 0.305 0.305 0.4425 0.4425 0.4425

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Tax Rates Have Remained Low

and Stable

Revaluation Year

NOTE: Revaluation of taxable property, required by NC State statutes at least every eight years, occurred at January 1, 1999, 2003 and 2007, and is reflected in the property values for the years ended June 30, 2000, 2004, 2008 and 2012. The County’s reassessment occurs every four years. Source: Brunswick County

Current Tax Rate 0.4425 FY 15 budget estimated value of 1 cent $ 2,361,220

FY15 Recommended Budget (in millions)

Cents On Tax Rate

Brunswick County Schools Operating $ 34 14.41

Trash Collection 11.8 4.99

Sheriff’s Office 10.9 4.6

Health and Human Services 9.9 4.2

Detention Center 6.6 2.77

BC Schools General Obligation Debt Service 6.3 2.69

Emergency Services 5.0 2.14

Brunswick Community College Operating 3.7 1.58

BCC General Obligation Debt Service 2.7 1.14

Parks and Recreation 2.6 1.09

Central Communications (911) 2.2 0.93

Brunswick Senior Resources, Inc. 1.6 0.66

Sheriff’s Animal Protective Services 0.9 0.39

County GO Debt Service 0.3 0.14

Other 6 2.52

Total 104.5 44.25

The schools have critical capital needs, not wants, in excess of $100 million.

• The County is paying debt on the 1999 voter-approved bond referendum, and will until 2020

• Current debt payments are over $6 million per year

• A sales tax increase would generate $1.5 million per year for schools

• The sales tax referendum could:• Delay the need for another bond

referendum until the current bond is paid off, or nearly so

• Reduce the property tax rate if another school bond referendum is contemplated in the future

The state and federal governments are reducing funding for dredging and

beach renourishment.

• Dredging keeps channels open and reduces pollution in sounds and rivers• Keeping shellfish beds open and fish nurseries healthy• Allowing navigation, commercial and recreational

fishing• Preserving access by rescue officials to swimmers and

boaters in trouble

• Dredging and beach renourishment protect our valuable tourist economy

• Congressman McIntyre: “For every dollar spent on beach renourishment, there is a return of $340 to the local economy.”

The NC General Assembly has authorized county boards of commissioners in NC to

levy a ¼ cent sales and use tax, contingent on an advisory referendum.

• Brunswick County: • Has not increased the 44.25 cent tax rate for several

years and has remained revenue neutral during revaluations

• Has reduced personnel and overhead costs by using technology

North Myrtle Beach’s rate is 8%; Myrtle Beach’s rate is 9%.

2% (73) 2.25% (24) 2.5% (1) 2.75% (2)

All other 73 counties.

This includes Brunswick County

Alexander Halifax OnslowBuncombe Harnett PittCabarrus Haywood RandolphCatawba Hertford RobesonCumberland Lee RowanDuplin Martin SampsonEdgecombe Montgomery SurryGreene New Hanover Wilkes

Mecklenburg DurhamOrange

A ¼ cent sales tax levy would

• Share the cost of vital infrastructure with tourists• Relieve some pressure on property tax rates

• Supporting the real estate community, builders, developers and citizens

• Provide assistance to beach communities with beach renourishment, dredging and public accesses

• Reduce pressure to change the sales tax distribution method

• Mean an extra 2¢ on an $8 hamburger meal, or an extra 25¢ on a $100 purchase of school supplies. • Not apply to gas or unprocessed foods (groceries)

Questions?

Thank you for your interest in Brunswick County’s project funding and the May 6 sales tax referendum!