Orange County NC Website
Browse       Search
30 <br /> Slide #15 <br /> Rationale for Extending CIP from 5 to 10 Years <br /> Near Completion of$125 Million in 2016 <br /> Referendum Approved General Obligatiorl (GO) <br /> Bonds; <br /> Determine Debt Affordability and Fiscal Years for <br /> Next Staff Recommendation for New GO <br /> Referendum Bonds; and <br /> Stakeholders Coordination, Communications and <br /> Long-Terre Financial Planning <br /> ORANGE COUNTY <br /> NOFM I CAROLINA <br /> Slide #16 <br /> Board Approved Debt Metrics <br /> Debt Service as a Percentage of Revenues <br /> • 16% BOCC Approved Polity 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 Pollcy Target <br /> • Current Total DetAtoAssessed Value is 1.6% <br /> • Another Important Debt Limitation Policy that Rating Agencies and <br /> Bondholders ravor <br /> ORANGE COUNTY <br /> 'NORT]I CAROLINA <br />