Orange County NC Website
Browse       Search
16 <br /> • Additional $12.8 million needed for CHCCS Elementary#10 (projected opening fiscal <br /> year 2009-10 per most recent SAPFO membership projections) not included in debt <br /> service projections <br /> " To be factored into updated Debt Issuance Schedule to be presented in May <br /> • Timing of additional debt (for example items identified in the 2005 County Space Needs <br /> Update)will also be considered in the updated Issuance Schedule <br /> Current Policv <br /> ■ Ten-Year Funding Totals $151.9 million <br /> • Total School Funding - $107.8 million (71%) <br /> . Orange County Schools - $43 million (28%) <br /> . Chapel Hill Carrboro City Schools —$64.8 million (43%) <br /> • Orange County- $44.1 million (29%) <br /> Option 1 <br /> ■ Ten-Year Funding Totals $175 million <br /> • Total School Funding - $115 million (66%) <br /> • Orange County Schools - $46 million (26%) <br /> • Chapel Hill Carrboro City Schools—$69 million (39%) <br /> • Orange County- $60 million (34%) <br /> ■ Cedar Ridge Debt remains with OCS <br /> ■ 3 cents dedicated to school recurring capital remains with schools and one cent dedicated to <br /> county projects remains with county <br /> Option 2 <br /> Ten-Year Funding Totals $162.8 million <br /> . Total School Funding - $106.5 million (65%) <br /> . Orange County Schools - $41 million (25%) <br /> . Chapel Hill Carrboro City Schools —$65.5 million (40%) <br /> . Orange County- $56.3 million (35%) <br /> Cedar Ridge Debt removed from OCS <br /> . 3 cents dedicated to school recurring capital remains with schools and one cent dedicated to <br /> county projects remains with county <br /> Option 3 <br /> ■ Ten-Year Funding Totals $174.9 million <br /> • Total School Funding - $106.1 million (61%) <br /> . Orange County Schools - $42.6 million (25%) <br /> . Chapel Hill Carrboro City Schools—$63.5 million (36%) <br /> • Orange County- $68.8 million (39%) <br /> Cedar Ridge Debt remains with OCS <br /> 3 cents dedicated to school recurring capital added to one cent dedicated to county projects <br /> (for a total of 4 cents dedicated to recurring capital) and split 60/40 between schools and <br /> county <br />