Orange County NC Website
Browse       Search
17 <br /> Board Approved Debt Metrics <br /> ➢ Debt Service as a Percentage of Revenues <br /> • 15% BOCC Approved Policy Target <br /> • Ensures Fixed Charges are Limited; Remaining revenues available for <br /> Operating Budget <br /> • Rating Agencies and Bondholders Favor a Policy <br /> ➢ Total Debt as a Percentage of Assessed Value <br /> (Tax Base) <br /> • 3% BOCC Approved Policy Target <br /> • Current Total Debt to Assessed Value is 1 .6% <br /> • Another Important Debt Limitation Policy that Rating Agencies and <br /> Bondholders Favor <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br />