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37 <br /> . . . I Le <br /> Remaining 2016 Bond Funds $15 million <br /> Remaining Deferred Maintenance Funds $38 million <br /> School Projects—Ten Year CIP $95 million <br /> Total Existing and Planned $148 million <br /> Financing Scenarios <br /> Each of the financing scenarios is evaluated on the basis of tax rate impacts and the resulting <br /> debt service to general fund revenue metric. In order to manage the number of scenarios <br /> presented, each model assumes that existing and planned tax supported borrowing is funded at <br /> the amounts contained in the accepted Capital Investment Plan. <br /> The variable in each of the scenarios is the amount of new funding for County and School facility <br /> needs. As a starting point, the amount of funding for County projects represents either the first <br /> five years of the County Facility Plan or all ten years. The financing scenario illustrations <br /> (attached) indicate the tax rate impact on each scenario if only the first five years of County <br /> projects were funded over the ten-year period in an effort to reduce the number of options. The <br /> amount of funding for school projects substantially align with the options contained in the Woolpert <br /> study of long range school capital needs. To provide a consistent comparison between options, <br /> all models assume an upfront tax increase in FY 2026, after a potential bond referendum in <br /> November 2024. <br /> SchoolScenario New County New <br /> FundingTitle . <br /> Revenue <br /> Al $75 million $130 million 4.00 cents 17.4% <br /> A2 $130 million $130 million 4.57 cents 18.0% <br /> C1 $130 million $400 million 7.89 cents 22.0% <br /> C2 $130 million $300 million bond + 8.66 cents 19.4% <br /> $100 million pay-go <br /> D $130 million $630 million 11.22 cents 26.6% <br /> Middle $75 million $200 million bond + 5.49 cents 17.2% <br /> $50 million pay-go <br /> Scenario Descriptions <br /> • Scenario Al <br /> o Spreads the first five years of County Facility Plan ($70 million) over ten years and <br /> adds 3% annual inflation ($5 million) to account for spreading the projects over a <br /> longer timeframe <br /> o Continues the $130 million school bond from FY2023-24 CIP <br /> o When combined with existing and planned resources, provides $219 M in the first <br /> five years to meet Woolpert's Option A and an additional $59 million over the ten- <br /> year planning horizon to address other priority needs. <br /> o The County would have sufficient collateral to finance this scenario with a Limited <br /> Obligation Bond instead of a voter approved General Obligation Bond. <br />