Orange County NC Website
i <br /> FUTURE BOND REFERENDUM <br /> PROPERTY TAB IMPACT <br /> • No new tax increase associated with this CIP <br /> • Last bond referendum was subsidized by other <br /> significant funding sources, particularly by <br /> Sales Tax and Public School Building Fund <br /> • If not for this subsidy, tax rate impact for <br /> debt service would have been 9 cents instead <br /> of the 3. 1 cents actually earmarked for this <br /> purpose <br /> • Estimated tax rate impact of a new X25 million <br /> bond issue would be a 7.5 to 8 cent tax <br /> increase <br />