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Fiscal briefing on Carolina North planned

Posted on March 26, 2009 by Staff

Consultants hired by the university to study the fiscal impacts of Carolina North will hold a briefing for officials from Chapel Hill, Carrboro and Orange County on March 31.

The presentation by Bethesda-based TischlerBise will begin at 7 p.m. at the School of Government on Raleigh Road.

The study, completed earlier this month, looks at how the proposed new campus might affect the towns and the county. The analysis is based on the first 15-year phase of the project and takes into account assumptions on demand, such as additional fire protection and more classroom space for local schools.

The report shows that the direct impacts of the project will produce net deficits to the town of Chapel Hill between $780,000 and $792,000 annually and of roughly $50,000 annually for Carrboro.

Orange County fares better in direct impacts according to the study, with additional revenue from both county and school-district taxes adding between $921,000 and $1.1 million.

The anyalysis shows the towns and the county eventually seeing positive results once indirect impacts such as increases to the employment base and sales taxes are figured in.

The report can be downloaded at http://research.unc.edu/cn/specifics.php
— Staff Reports

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