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5 <br /> <br />School Projects include Chapel Hill-Carrboro City Schools, Orange County Schools, and <br />Durham Technical Community College – Orange County Campus projects. The Proprietary <br />Projects include Water and Sewer, Solid Waste Enterprise Fund, and Sportsplex projects. <br /> <br />The CIP has been prepared anticipating moderate economic growth of approximately 2% in <br />property tax growth over the next five years, and 4% sales tax growth in Years 2-5. Sales Tax <br />proceeds for Year 1 (FY 2020-21) are estimated to decline by 4.5% due to the current <br />coronavirus pandemic. Many of the projects in the CIP will rely on debt financing to fund the <br />projects. <br /> <br />This discussion focuses on Schools CIP projects and the Durham Technical Community <br />College <br />– Orange County Campus new academic building project. Note: The page numbers referenced <br />are as they appear in the CIP document. See Attachment A for the Overall CIP Summary (page <br />19), and School CIP Projects Summary (pages 24 and 101). <br /> <br />FINANCIAL IMPACT: There is no immediate financial impact associated with discussion of the <br />FY 2020-25 Capital Investment Plan. It is a long-range financial planning tool with a financial <br />impact in FY 2020-21, if the first year of the CIP is approved by the Board of County <br />Commissioners with the adoption of the Annual Budget. <br /> <br />Travis Myren and Paul Laughton, Finance and Administrative Services, made the <br />following PowerPoint presentation: <br /> <br />ORANGE COUNTY <br />CAPITAL INVESTMENT PLAN <br />School Districts and Durham Tech <br />FY2020-25 <br />Board of Orange County Commissioners <br /> <br />FY 2020-21 CIP (pie chart) <br />FY2020-25 Recommended Capital Investment Plan Funding and Expenditure Categories- <br />graph