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The focus of this December 12 public hearing is the Board's recent decision to issue just over <br />$92 million in debt over the next three to four years. The Budget Director will make a brief <br />presentation that will include information related to those particular debt issuances, timetables, <br />and project descriptions along with anticipated tax rate impacts. <br />FINANCIAL IMPACT: Financial impacts are as noted in the October 11, 2006 Memorandum, <br />and the materials for the August 31 and September 14 work sessions. Additional information on <br />the impacts of operating costs for endorsed projects; and for capital and operating costs for <br />projects on the horizon, are still being developed. In addition, the financial impacts of the space <br />needs~study are still being assessed. Finally, the Board's decisions on the capital funding policy <br />could have an effect on the financial impact. <br />RECOMMENDATION(S): Conduct the public hearing. <br />