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29 <br /> o Farmland Consorvation. Easements <br /> ■ Some funding would be avallabie as early as July 2002 <br /> ■ A ternative finiancing . plan offers a. total of $ 3 million ( phased in over the <br /> five year plan) <br /> Affordable Housing <br /> ■ Provides funding in the first three bend sales <br /> Fiscal Outlook <br /> As we begin looking to the budget pl :arming process , we are aware that we will face <br /> some expenditure increases that will affect our tax rate — <br /> Known Elements <br /> c� 1997 Bonds — In July , we issued the second installment of 1997 bonds <br /> ( total of $ 17 . 4 million ) . The projected tax rate Impact of the related debt <br /> service for next year is somewhere bat een 1 . 75 ta . 2 oe n # s , <br /> 2001 Bonds i Should the Commissioners move forward Withwthe proposed <br /> timelines ( Tables 1 and ) , we will have some tax rate increasi — between <br /> one - half and twc>=wthins of a cant . <br /> • Unknown Eloments <br /> o Opening of Now Facilities <br /> ■ Dranga County Schools — full [ -year cost of operating Cedar Ridge <br /> High School <br /> ■ Chapel H111 - arrboro City .schools - preliminary stark- up costs for <br /> Elementary School # 9 <br /> ■ Lit#ie liver Parr , Mc o wsn Greek Park and Mapleview Soccer <br /> Field — cost of operations and maintenance <br /> Anticipated increases In Medicaid will continue to of eot the public <br /> assistance budget <br /> General operating expenses for County departments <br />