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2 <br /> The CIP has been prepared anticipating moderate economic growth of approximately 2% in <br /> property tax growth and 4% in sales tax growth annually over the next ten years. The CIP will <br /> rely substantially on debt financing to fund the projects and these required debt amounts are <br /> fully integrated in the County's Long-Term Debt Model. <br /> FINANCIAL IMPACT: There is no immediate financial impact associated with the presentation <br /> of the FY 2022-32 Capital Investment Plan. It is a long-range financial planning tool with a <br /> financial impact in Year 1 (FY 2022-32), if the first year of the CIP is approved by the Board of <br /> County Commissioners with the adoption of the Annual Budget. <br /> SOCIAL JUSTICE IMPACT: There are no Orange County Social Justice Goal impacts <br /> associated with this item. <br /> ENVIRONMENTAL IMPACT: There are no Orange County Environmental Responsibility Goal <br /> impacts associated with this item. <br /> RECOMMENDATION(S): The Manager recommends the Board receive the presentation of the <br /> Manager's Recommended FY 2022-32 Capital Investment Plan and provide direction to staff in <br /> preparation of the April 12, 2022 Budget work session. <br />