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o Farmland Conservation Eassmenb <br />• Some funding woultl be available as eady as July 2002 <br />• Alternative financing plan offers a total of $3 million (phased in over the <br />flue year plan) - <br />c ANOrtlable Housing <br />• Provides funtling in the first three band sales <br />Fiscal Outluek <br />As we begin looking to the budget planning process, we are aware that we will face <br />some expenditure increases that will affect our tax rete- <br />• Known Elements <br />o '199] Bonds - In July, we issued the second inatellment of 199] bonds <br />(total of $1].4 millon). The projected tax rate Impact of the related debt <br />service for next year is somewhere between 1 ]5 to 2 cents, <br />0 2001 Bonds-Ghoultl the Commissioners move fom+aN with,the proposed <br />timelines (Tables 1 and 2), we will have some tax rata increase -between <br />one-half antl tw•o-[hiMS of a cent. <br />• Unknown Elements <br />o Opening of New Facildies <br />• Orange County Schools -full-year cast of operating Cetlar Ridge <br />High School <br />• Chapel Hill-Carrboro City Schools -preliminary start-up msts for <br />Elementary School #9 <br />• Little River Park, McGowan Creek Park antl Mapleview Soccer <br />Fieltl-cost o(opemfions antl malntenence <br />o Anticipated increases In Metlicaitl will continue to affect the public <br />assistance butlget <br />o General operating expenses for County tlepertments <br />