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Orange County Board of County Commissioners Retreat <br /> Originally Shared with BOCC: <br /> January 10,2009 <br /> Update Provided: February 12,2009 <br /> Items for Board Consideration in Developing FY 2009-10 Budget Guidelines <br /> 1. Tax Rate February 12,2009 Update: On February 5,2009,Commissioners <br /> (Increase or no increase in revenue neutral rate authoriz2009. ed The staff to planned proceed with plans to issue$33.6 million in debt in April <br /> issuance includes'County Campus&Library Development <br /> ($25M),Parks&Open Space($5.5M),Affordable Housing($1.4M),Property <br /> Mandated, Information Management System($1.5M)and Solid Waste Equipment <br /> 2. Debt Service ($217K). The repayment plan will be structured so that debt service <br /> Timing Discretionary <br /> payments do not begin until FY 2010-11. <br /> Plan issuance of debt to minimize fiscal impact on FY 2009-10 by <br /> postponing issuance for Office/Library and CHCCS Elementary#11 With regard to CHCCS Elementary#11,according to school staff the project's_ <br /> until July 2009 current timetable is such that debt will not need to be incurred until January <br /> 2010. This means the first debt service payment would be anticipated in FY <br /> 2010-11 or 2011-12. Preliminary.November.15,2008 SAPFO student <br /> membership projections indicate:CHCCS Elementary Level of Service(LOS)will <br /> be 103.1%of capacity in school year ending 2009-10 and 105.5%of capacity:' <br /> in school year ending 2010-11. <br /> 3 <br /> 3 <br /> -r <br /> Page 1 of 5 <br />