Orange County NC Website
Fiscal Year 2005-06 Capital Funding Options <br />Major Components <br />io of Policy O tion 5A O tion 5B O tion 5C <br />i ~ Debt Servic Same as O tion 1 <br />Cedar Ridge Deb <br />and Peak Deb One-Half of Cedar Ridge High School Debt Remains with OCS while the other half is co-mingled in "countywide" debt service; all peak <br />iz Servic debt service remains with OCS <br />Cents Dedicated to School Recurring Capital Along With One Cent Dedicated to County Capital Projects Split 60140 Between School <br />Less: School Construction Impact Fees <br />Debt <br />Revenues 1,223,740 1,223,740 1,223,740 <br />Projected Sales Tax (March 23, 2005 <br />projections) 9,58fi,214 9,586,210 9,586,210 <br />Net Amount Available for School and Coun <br />Capital Projects (Projected Sales Tax less <br />ax Dedicated (3 cents) to Schools <br />Capital (in accordance v~ith BOCC <br />~licvl <br />ax Dedicated to SchoollCounty <br />:entJ (in accordance v~ith current <br />1 <br />Property Tax Dedicated to School and <br />of Net Amount Available <br />to School and County Re <br />Total Property Tax <br />76 options 5 <br />Page 1 of 1 <br />