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14 t. <br /> Alternative No. 2 <br /> If the Chapel Hill-Carrboro projects are not rescheduled-additional <br /> revenues will be needed in order to complete the High School and <br /> Multipurpose Space projects in the time-frame desired by the school <br /> systems. As shown in the second alternative a deficit of approximately <br /> $384,000 is projected for 86-87. An additional deficit of $685,000 <br /> is projected for 87-88, making a total deficit of approximately <br /> $1,069,000 for the two-year period. <br /> Some possible sources of additional revenue are a bond issue, an <br /> increase and/or extension of the property tax dedicated to school <br /> capital, an additional zC sales tax, a school impact fee on new <br /> development, and funding from the General Fund due to the decrease <br /> in debt service requirements as a result of the retirement of school <br /> bonds (see schedule attached) . However, due to the uncertainties <br /> involved in some of these revenue sources and the time factors <br /> involved, the property tax and the funding from the General Fund <br /> related to the debt service reduction are the only sources that <br /> can be counted on now to offset the deficits beginning in 86-87. <br /> It should be noted that the 1fi sales tax revenue in the two alternatives presented <br /> here has been revised downward from previous projections. These new amounts <br /> are more realistic estimates and are based on the history of actual results and <br /> on information received regarding growth in this revenue for the upcoming fiscal <br /> year. <br /> Also, it should be noted that the amount for undesignated roofs that are included <br /> in the present plan have been removed and applied to the High School and Multipurpose <br /> Space Projects. <br /> attachments <br />