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7 <br /> Slide #10 <br /> FY20 3-33 Recommended Education Projects <br /> • General Obligation Bond Planning (p. 115) <br /> - Current Reservation, $130 million <br /> - Four PlannedAllocaHons oebtservkemadel for S,iwnumaeGeneraletkatiansond <br /> FY2025-26-$S million w n <br /> FY202rA27440 mIIIIon x.a <br /> • FY2029-29-$45 mIIIIoa <br /> ¢.a <br /> FY203"I-W million <br /> N. ' <br /> D. Exvm ng UA rr+c+errriinants of aclky �. I I <br /> FvWrg Pbm ed DkebtSen&e <br /> Revenue Expeclauon9 <br /> - Tax Equivalent; 2.85 cents FY2026-27 -4• *nF[YS Se n[ .Ca�e.rsem[r .+�oronb G73a� kle estlum[ <br /> 1.75 cents FY2028-29 <br /> ORANGE CQUNTY <br /> 10 Nr4li YtI CALICILI NA <br /> Travis Myren said most of this is tax-supported debt. <br /> Vice-Chair McKee asked if this accounts for new construction as well. <br /> Travis Myren said yes. He said the assumption can be adjusted if the projections show a <br /> higher increase. <br /> Commissioner Hamilton said the blue bars represent the projects proposed in the CIP, but <br /> it could change if projects aren't done. <br /> Travis Myren said yes. <br /> Commissioner Hamilton asked if the tax equivalent is just for the general obligation bond <br /> or all debt. <br /> Travis Myren said that it would be all debt, but the incremental increase is attributable to <br /> the general obligation bond. <br /> Commissioner Hamilton asked if the 2.85 cents is the incremental or total that would be <br /> needed. <br /> Travis Myren said that is the incremental increase associated with the bond. <br /> Commissioner Fowler asked if those are the only two years that would require a tax <br /> increase as planned. <br /> Travis Myren said yes. <br /> Commissioner Richards said that for proprietary projects, only one year shows Article 46 <br /> funding and asked why. <br /> Travis Myren said this is for Economic Development/Water Sewer projects in the CIP and <br /> those projects would either be financed with Article 46 proceeds, or the debt on those projects <br /> would be paid with Article 46 proceeds. <br /> Commissioner Richards said that is one time for that project only. <br /> Travis Myren said yes. <br /> Commissioner Richards said for other years, the Article 46 funding is allocated elsewhere. <br /> Travis Myren said yes, and it will be in the Manager's Recommended Operating Budget. <br /> Commissioner Richards asked if the county will actually spend funds in FY 2023-24 or if <br /> the planning is included in the CIP because it's associated with a capital project. <br />