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3 <br /> FY2021-26 Recommended Capital Investment Plan <br /> FY2022-22 CIP Expenditu— <br /> ORANGE,�COUNTY <br /> 1 �er�� a .,, <br /> 2 <br /> FY2021-26 Recommended Capital Investment Plan <br /> FY2021-26 H—mad"CIP Evpanditur- <br /> 8nfed en AeefmmendtddP <br /> amomo i_ — � -� •rc..e o <br /> nmmo - <br /> O rR'iom EunoY <br /> 3 <br /> 4 <br /> 5 Travis Myren said the $8.7 million is appropriated in FY 2021-22 for the 203 South <br /> 6 Greensboro Project, which is higher this year than following years. <br /> 7 Commissioner Dorosin said he was thinking about the introductory presentation on this <br /> 8 topic from last week and thinking about the operating budget. He said he is hoping there are <br /> 9 some opportunities to save some costs, if possible, and reduce any tax increase. He asked if <br /> 10 any savings could come from the CIP budget, or if the tax rate increase is only dependent on <br /> 11 the operating budget. <br /> 12 Travis Myren said the debt service that will be due in the operating budget is predicated <br /> 13 on prior year borrowing. He said if the board is focusing on the tax rate, it should look for <br /> 14 reductions in the operating budget. He said during the operating budget discussions, there has <br /> 15 been real consideration of how to thoughtfully recommend federal money to help pay for some <br /> 16 COVID-related expenses and therefore mitigate property tax increase. <br /> 17 Commissioner Dorosin said he appreciates staff has that on their mind. He clarified if <br /> 18 any changes are made to the CIP, it would be realized in future years in savings of debt service, <br /> 19 but not on the current debt service. <br /> 20 Travis Myren said Commissioner Dorosin was correct. He resumed the PowerPoint <br /> 21 presentation: <br />