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43 <br /> 1 Slide #8 <br /> Debt Metric Summary <br /> Measure Current Target,lftlicy Current Value <br /> 10 Year Payout 65% 67.1% <br /> Principal satisfied in next tern years <br /> Debt to Assessed value 3% 1.28% <br /> Tamal tax supported debt at or below 3% of total <br /> assessed value <br /> Debt Service to General Fund 15% 13.6% <br /> Revenue Annual debt service at or below 45%of general farad <br /> revenue <br /> ORANGE COUNTY <br /> B NOR'r-H C/kRL7LiNA <br /> 2 <br /> 3 <br /> 4 Slide #9 <br /> Debt Model Assumptions <br /> • Projected Assessed Value Growth <br /> — Leasure of ability to pay Natural Growth—2%annually($470 million from FY2024 to FY2025) <br /> 2024 Revaluation 50%projected growth with Sales Ratio of 64.8% <br /> Projected assessed value Growth Illustration of Potent laI Impact of Revaluation on <br /> Pn bilGarns Reven ue Ne ut ra I Tax Rate <br /> Sou-o W <br /> Given Me new assessed value, what would Che new rax <br /> 5�u.ow rate neem to be to Produce the safne amount of propeq <br /> tax fevenue as the yearprior to the revaluation ettel <br /> 54m:o W accounting for natural grovKh <br /> S3P,0W <br /> $am.mW . kA <br /> jlf.Off Prior 60 3.33 billion fl 5353 $194.01 mkfion <br /> Rewm1 <br /> U 5661 <br /> mak mos 102c JQ? 4026 mag Ion mai 142 IM ma. 205 After Reoad $0,5 04 billion Efiedem $19$.33 moon <br /> FY2025.26 <br /> ORANGE (--OUNTY <br /> 9 NC)WI-H C:A.RC3111vA <br /> 5 <br /> 6 Commissioner McKee noted that revenue neutral does not mean revenue neutral for the <br /> 7 property owners. <br /> 8 Travis Myren said that is correct. <br /> 9 <br /> 10 <br />