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47 <br /> 1 Slide #15 <br /> Scenario C1 - $400 million band + $130 million County Pl n <br /> Financing Amounts <br /> Totaf CnLnty Frmddng <br /> County Faclllty Plan over ten years 5cenarto C1-Tait Rata <br /> - rex impact canoe reo�ceo ov Existing t'IP 2.0 cents <br /> Existing70 C Coup CIP $ 1920 million os75rsucaurtryganrsareed ounty Facility Plan 0.6'8 cents <br /> t1` to 575 moon <br /> Plus Other Existing Resources $ 10.4 million Additional Schaal Needs 5.21 cents <br /> Woolpert Cptlon c Tmget-S541 Total Tax irn act 7,89 cents <br /> [County Facility Plan $ 130.0 million <br /> otal car sal Funding-Cuun $ 332m awfion S63 mtllllon over 4'la t Scenaft Scene rio Cl-Debt Service to Revenue Policy <br /> C target to a&was atmlonel u.ax <br /> Dd'*My r44d!7 Iivs.�n:o.0 xieY.,^ rad% <br /> 78tad Scdraoi Funding �m,na ��eters <br /> owin <br /> Existing School CIP• $ 95,0 mMillionTnaee tranches of acmA I oar <br /> oi$t33.33 M each over a seven 15.0% <br /> 15.0% id <br /> Plus Other Existing Resources $ 53,0 million Year period <br /> 19.9% <br /> Additional Schaal Needs 4000 million <br /> 3DN <br /> tel£appal Funding $ 548.9 rnllllcn <br /> WoqPDi <br /> 1pert Option C $ 541.2 million <br /> Over Target $ 6.8 mioeon 4�r 4i � c w+ l ell <br /> '[tcas not Include$33 mailicn n recurring capital of$3S <br /> �Pplan R�Ike ."W <br /> ffabon ca prgtorerl Article,46 r"@#m for wAmlogy �'� <br /> ORANGE COUNTY <br /> 1� NOR'I-H C,ARL7LiIVA <br /> 2 <br /> 3 Chair Bedford said usually if a bond is approved, borrowing is spread out over several <br /> 4 years. She said it is front loaded and asked why the tax increase was planned where it was. <br /> 5 Travis Myren said when there is a one-year tax increase, building a reserve so that when <br /> 6 the peaks hit, that reserve can be applied, and a tax increase would not be necessary every time. <br /> 7 Vice-Chair Greene asked if the debt service revenue ratio is concerning here. <br /> 8 Travis Myren said it certainly would make budgeting a challenge to have around 20% of <br /> 9 revenue tied up in debt service before funding any services. <br /> 10 Commissioner McKee said that his fear is that it would drive tax increases and those are <br /> 11 much harder on their low wealth citizens. <br /> 12 <br /> 13 <br />