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7 <br /> 1 Slide #10 <br /> FY2023-33 Recommended Education Projects <br /> General Obligation Bond Planning (p. 115) <br /> — Current Reservation, $130 million <br /> Four Planned Allocatlons debt5ervKe Model for$130nidimn5eneral Bom <br /> FY2425-26-$5 million m.n <br /> " Fv2D2647- 40 mlIllon 54,6 I ' <br /> * FY2 8-26-$45 mllllon 40.: <br /> FY2030-31-$40 million <br /> 39,D <br /> fty <br /> DeterminantsEmling Debi S�rnce c l� <br /> Future P%&Tmd DebtSer*e <br /> Revenue Expe€1adona <br /> — Tax Equivalent: 2,85 cents F1f2026-27 '`•eener�tserrcr .€�a�tsemir •r+mprhefdc[a�a�arlerTd4mas <br /> 1,75 cents FY2028-29 <br /> ORANGE COUNTY <br /> 10 N43ICY1[f. t Iii 1IJ NA <br /> 2 <br /> 3 Travis Myren said most of this is tax-supported debt. <br /> 4 Vice-Chair McKee asked if this accounts for new construction as well. <br /> 5 Travis Myren said yes. He said the assumption can be adjusted if the projections show a <br /> 6 higher increase. <br /> 7 Commissioner Hamilton said the blue bars represent the projects proposed in the CIP, <br /> 8 but it could change if projects aren't done. <br /> 9 Travis Myren said yes. <br /> 10 Commissioner Hamilton asked if the tax equivalent is just for the general obligation bond <br /> 11 or all debt. <br /> 12 Travis Myren said that it would be all debt, but the incremental increase is attributable to <br /> 13 the general obligation bond. <br /> 14 Commissioner Hamilton asked if the 2.85 cents is the incremental or total that would be <br /> 15 needed. <br /> 16 Travis Myren said that is the incremental increase associated with the bond. <br /> 17 Commissioner Fowler asked if those are the only two years that would require a tax <br /> 18 increase as planned. <br /> 19 Travis Myren said yes. <br /> 20 Commissioner Richards said that for proprietary projects, only one year shows Article 46 <br /> 21 funding and asked why. <br /> 22 Travis Myren said this is for Economic Development/Water Sewer projects in the CIP <br /> 23 and those projects would either be financed with Article 46 proceeds, or the debt on those <br /> 24 projects would be paid with Article 46 proceeds. <br /> 25 Commissioner Richards said that is one time for that project only. <br /> 26 Travis Myren said yes. <br /> 27 Commissioner Richards said for other years, the Article 46 funding is allocated <br /> 28 elsewhere. <br /> 29 Travis Myren said yes, and it will be in the Manager's Recommended Operating Budget. <br />