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A+�a�rne,4 3 <br />0411912007 <br />Required Funding and Tax Rate Implications of Debt Service for Fiscal Year 2007- <br />08 <br />2007-08 <br />One Cent $1,247,881 <br />Equivalent I <br />(')Solid Waste and SportsPlex Funds are self-supporting enterprise funds and not supported by ad <br />valorem property tax. <br />General <br />Sod <br />portsPlex <br />Fund <br />Waslite <br />Fund <br />Total <br />Fund <br />Carrboro High School - $9 Million <br />$995,100 <br />$0 <br />$0 <br />$995,100 <br />2007 Alternative Financing - $50.059 <br />$1,183,649 <br />$56,173 <br />$38,300 <br />$1,278,1221 <br />Million <br />Funds Required to Offset FY 2007-08 <br />Loss of Lottery Proceeds Dedicated to <br />$2,400,000 <br />Repay Debt Service in FY 2006-07 <br />Total Dollar Increase <br />$4,578,7491 <br />$56,173 <br />$38,3001 <br />$2,273,2221 <br />Tax Rate Equivalent (Per $100 of <br />Valuation) of General Fund Debt <br />3.67 cents <br />Issued During FY 2006-07 <br />(')Solid Waste and SportsPlex Funds are self-supporting enterprise funds and not supported by ad <br />valorem property tax. <br />