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20 <br /> Existing Annual Debt Service <br /> • County tax rate impact is lower due to Annual Debt Service Payments on Existing Debt <br /> decline in existing debt service between $40,000,000 <br /> FY2026-27 and FY2027-28 <br /> $35,000,000 <br /> • Approximately $58.8 million of$75 million <br /> is timed to occur after capacity is gained in $30,000,000 <br /> FY2027-28 <br /> $25,000,000 <br /> • School projects are front loaded resulting <br /> in a higher tax impact $20,000,000 <br /> $15,000,000 <br /> • School project timing could be adjusted to <br /> benefit from capacity gained in FY2027-28 $10,000,000 <br /> $5,000,000 <br /> 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 <br /> ■County Annual Debt Service ■Schools Annual Debt Service ■Durham Tech Annual Debt Service <br /> ORANGE COUNTY <br /> 14 NORTH CAROLIN.A <br />