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43 <br /> Slide#8 <br /> Debt Metric Summary <br /> Targetwolicy <br /> 10 Year Payout 65% 87.1% <br /> Principal satisfied in next ten years <br /> Debt to Assessed Value 3% 1.28% <br /> Total 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 15%of general fund <br /> revenue <br /> ORANGE COUNTY <br /> B NC3R1"H C:A1tC3LJNA <br /> Slide #9 <br /> Debt Model Assumptions <br /> Projected Assessed Value Growth <br /> - Measure of ability to pay INatural Growth-2%annually($470million from FY2024 to FY2025) <br /> - 2024 Revaluation-50%projected growth with Sales Ratio of 64.8% <br /> Projected.Assessed va lue Growth Illustration of Potential Impact of Reva I uati on on <br /> hi&UlMs Revenue Neutral Tax Rate <br /> �a000- <br /> Given the now assess6dvalue. what Wavo the new tax <br /> aom rate need to beta produce the Sarrw amount of property <br /> tax revenue"Me year prKV to the reval"(Wn after <br /> Sao-.om accovntfng fcr natu of groWh <br /> 83a000 <br /> aom <br /> Prior ro $23,23 billion 0.8353 $194 01 mion <br /> Revd <br /> 0 5-561 <br /> ]6N W29 Jos 107 JOB ]029 Ion joi 102 101 ]Obi 2m5 After Revar E35 04 billion Effv4e 9 Mn 33 noun <br /> FY202&26 <br /> ORANGE COUNTY <br /> $ 1'4C3RTH C!ARf3LJNA <br /> Commissioner McKee noted that revenue neutral does not mean revenue neutral for the <br /> property owners. <br /> Travis Myren said that is correct. <br />