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41 <br /> Slide #4 <br /> School Long Range Optimization Plan <br /> OPTIONS RE7URNONINVESTMENT C45TPERYEAR X TIMELINE = TOTALINVESTMENT <br /> COMFORTABLE W LiM <br /> &SAFE Add�easdf s Nnchmigez Nochorrges Nnadditicnal ��6iMIW01Y -S]14millan <br /> 2D% teela"e bm to student arrenavated Steam <br /> orfacilityneeds zpacrs capacity schools <br /> COMFORTABLE ; <br /> &SAFE, 0 �RR m La] <br /> PLUS 16-YEAR A drll s No<hmn m Nochdrgeg No additional <br /> FACILITY NEEDS TUCI055 Om tostudert nrrenovated la years <br /> N#Cilltynafds spaces capacity schools <br /> COMFORTABLE -t� <br /> &SAFE, 'ded J -gS6millpn ■ -iSa1,7 nAIjQn <br /> PLUS UFr6RADE0 <br /> loyean <br /> LEARNINGTOOLS Renovations har°�Iges Replaremerrt New <br /> schools sch�l <br /> COMFORTABLE 40 <br /> &SAFE, 12 upgraded 2 -iST n�fan '6*0 <br /> PLUS NEW R , va itrny kkwNng tank Raplacrm9n! New ISWars <br /> CONSTRUCTION and right-sine schools scnoois <br /> 4Zk*$FWM Wal: S <br /> pxwHs rcp�[an4�4�'7' <br /> £om rlribapksy?RI <br /> Slide #5 <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 budgeter Debt service is the first legally binding budget obligation <br /> ff not managed,debtsernee could crowd out spending on non-mandated services <br /> Andlor require a tax rate increase to pay debt plus mandated services <br /> ORANGE COUNTY <br /> 5 NL]RrH C ARC]7JNA <br />