Orange County NC Website
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11 <br /> Debt Metrics <br /> • Why measure debt? <br /> — Credit rating — Orange County is one of 13 North Carolina counties with highest rating (Aaa) <br /> — Impacts the cost of borrowing ==* Higher credits get lowest interest rates <br /> — Impacts annual budget ==* Debt service is the first legally binding budget obligation <br /> • If not managed, debt service could crowd out spending on non-mandated services <br /> • And/or require a tax rate increase to pay debt plus mandated services <br /> ORANGE COUNTY <br /> 5 r*-;C)RT H CARC}LINA <br />