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9 <br /> <br />Next Steps <br />– Document Review <br />• Clerk to the Board’s Office <br />• County Manager’s Office <br />• Orange County Libraries <br />• Orange County Website – orangecountync.gov <br />– Upcoming Budget Meetings <br />• April 10 Work Session for Capital Investment Plan <br />• April 24 Joint Meeting with Schools <br />• May 1 Presentation of FY2018-19 Recommended Operating Budget <br />• May 10 & 17 Public Hearings on Operating Budget and CIP <br />• May 24 Work Session for Schools and Outside Agencies <br />• May 31 Work Session for Fire Dist., Public Safety, Support, Gen. Govt. <br />• June 7 Work Session for Human Services and Comm. Services <br />• June 12 Amendments and Intent to Adopt <br />• June 19 Adoption of Operating Budget and CIP <br /> <br />Commissioner McKee referred to the debt structure slide, and clarified that tax <br />increases would be required in order to make the payments. <br />Travis Myren said the tax increases will be bigger in the early years, because this <br />principal is hitting faster in the early years. <br />Commissioner Jacobs asked if the tax increases could be projected, and if the tax <br />increases will ever go down. <br />Travis Myren said cases 2 and 3 are the same scenarios that the BOCC saw at the <br />retreat, which was a tax increase between 4 and 5 cents. <br />Commissioner Jacobs asked if it known how far out this increase would go. <br />Travis Myren said at least until 2024 or 2025, but he would get more specific <br />information and bring it back to the BOCC. <br />Commissioner Jacobs asked if that would be about the time the schools would want <br />another bond. <br />Travis Myren said that is when the County’s debt capacity would start freeing up, and it <br />would be possible to maintain a similar level of taxation, while having some room to pay for <br />additional capital. <br />Commissioner Jacobs said it may be a tax increase for the foreseeable future. <br />Travis Myren said that is a policy decision to be made by the BOCC. <br />Commissioner Jacobs asked if, at next week’s Budget Work Session, staff could <br />explain why so much money has to be spent on Chapel Hill High School up front. <br />Travis Myren said yes. <br />Commissioner Price asked if the percentage of the fund balance will remain the same. <br />Travis Myren said yes, that policy would remain at 16%, and this policy is for the <br />amount of debt service. <br />Commissioner Price asked if the maintenance of the Orange County Schools (OCS) is <br />built into this CIP. <br />Travis Myren said all of the projects included here are the same projects that the <br />schools have put in their facility reports. He said the maintenance part would be in the <br />operating budget. <br />Commissioner Price said some of the schools are in very poor condition, and asked if <br />there is a plan in place to keep the schools stabilized until major renovation can occur.