Orange County NC Website
35 <br /> DEBT SERVICE REQUIREMENTS <br /> Five Year Debt Service Projection <br /> Planned Debt Service Revenues and Expenditures <br /> $46 M <br /> 1.12 Cent Tax increase modeled for FY 2026-27 <br /> to support Bond Referendum <br /> $44 M <br /> Shaded Area is the$6 million gap filled by <br /> $42 M one-time revenue <br /> $40 M <br /> $38 M <br /> Debt Service decreases briefly in FY 28 <br /> and FY 29 before peaking at$49 million <br /> $36 M in FY 33. <br /> $34 M <br /> FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 <br /> Funding For Debt Service --O--Debt Service Payments <br /> Board Allocated $6 million in FY2021-22 Excess Fund Balance to new Capital Reserve to <br /> Offset Anticipated One (1) Cent Tax Increase f <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br />