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2 <br /> The CIP has been prepared anticipating continued slow economic growth of between 1-2% <br /> annually over the next five years. Many of the projects in the CIP will rely on debt financing to <br /> fund the projects. <br /> FINANCIAL IMPACT: There is no immediate financial impact associated with the presentation <br /> of the FY 2016-21 Capital Investment Plan. It is a long-range financial planning tool with a <br /> financial impact in FY 2016-17, if the first year of the CIP is approved by the Board of County <br /> Commissioners with the adoption of the Annual Budget. If the Board of County Commissioners <br /> approves the Recommended CIP as presented, the cumulative 5-year tax rate equivalent for <br /> the estimated highest debt service payment is expected to range from 4.74 cents up to 5.86 <br /> cents per $100 of assessed valuation. <br /> RECOMMENDATION(S): The Manager recommends the Board receive the presentation of the <br /> Manager's Recommended FY 2016-21 Capital Investment Plan and provide direction to staff in <br /> preparation of the April 7, 2016 Budget work session. <br />