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4 <br /> <br /> 1 <br />FY2020-25 Recommended Capital Investment Plan 2 <br />• FY2020-25 Investment Themes 3 <br />o School Supplemental Deferred Maintenance Program 4 <br /> $30 million over three (3) years 5 <br /> Apply to Deferred Maintenance and Life & Safety Improvements 6 <br />o Public Health and Safety 7 <br /> EMS Substation Construction – Efland - $3,500,000 8 <br /> Portable Radio Replacements - $150,000 9 <br /> Environmental Health and Public Safety Vehicle Replacements - 10 <br />$1,280,961 11 <br />o Economic Development 12 <br /> Piedmont Food Processing Facility - $115,000 13 <br /> Buckhorn EDD Sewer Engineering - $130,000 14 <br />o Caution and Flexibility 15 <br /> Direct Financial Impacts to the County will Lag 16 <br /> Most Acute Impact Expected on Sales Tax 17 <br /> Potential Lingering Impact on the Real Estate Market 18 <br /> Continuous Monitoring and Adjustments to Anticipated Fiscal Reality 19 <br /> New Project Expenditures will be Frozen for the 1st Quarter of 20 <br />FY2020-21 21 <br /> 22 <br />FY2020-21 CIP Expenditures $36.5m (pie chart) 23 <br /> 24 <br />FY2020-25 Recommended CIP Expenditures- graph 25 <br /> 26 <br />Commissioner Dorosin said the Board was originally anticipating some tax increase this 27 <br />year, and asked if an estimate is known. 28 <br />Travis Myren said it is estimated at 1.63 cents, and staff is going through the operation 29 <br />budget now, and is trying to minimize that tax impact. 30 <br />Commissioner Dorosin asked if the board would like to delete the tax increase, should it 31 <br />be looking at the CIP, with the goal of making cuts to balance the $3 million for the debt service. 32 <br />He asked if that would affectively neutralize that tax increase. 33 <br />Travis Myren said that the debt increase is for projects, for which, monies have already 34 <br />been borrowed. 35 <br />Commissioner Dorosin asked if the Board cut a $500,000 project in year one, could the 36 <br />Board use those monies toward the debt service. 37 <br />Travis Myren said nothing that would be approved in the CIP, for the next fiscal year, 38 <br />would affect the debt service the County owes next year. 39 <br />Travis Myren said the $3 million that is increasing for debt service, and the debt service 40 <br />that the County would incur for next year’s projects, would materialize in the 21-22 budget year. 41 <br />Bonnie Hammersley said as the Board looks at the CIP, it should closely consider what 42 <br />it feels comfortable going forward with. She said there are stop and starting points. She said in 43 <br />regards to the proposed tax increase, staff will be looking at ways to make savings on the 44 <br />operational side. 45 <br />Bonnie Hammersley said she will be giving the Board an update on the pre-covid and 46 <br />post-covid budget projections, where they were and where they are now, at the April 23rd work 47 <br />session and the joint meeting with the schools on April 28th. She said there is time on these 48 <br />projects that, if something really went south, staff would come back to the Board. 49