Orange County NC Website
51 <br /> Slide #22 <br /> Other Options <br /> Scenario New County New School One 'rime Tax Peak Debt Minimum 10 <br /> ServiceTitle Fundin M Year Payout <br /> F • • RaRevenue tio <br /> H $75 million $300 million band 8.06 cents 18.65% .r� <br /> $100 million pay-go <br /> $130 million <br /> Push $17-9 million $300 million bond <br /> B in existing projects 5140 m nillio pay-go $47 cents 19.1 t3°fd 58.2°fo <br /> outside of the ten <br /> year plan <br /> ORANGE COUNTY <br /> NC7RrH C;ARC3"NA <br /> Slide #23 <br /> Tax Impact on $500,000 Home <br /> Scenario Title One Time Tax Rate Impact Impact on a$500,000 home <br /> in cents <br /> Al 4.00 $ 200.00 <br /> A2 4.57 $ 228.50 <br /> C 1 7.89 $ 394.50 <br /> C2 8.66 $ 433.00 <br /> D 11.22 $ 561.00 <br /> Middle 5.49 $ 274.50 <br /> H 8.06 $ 403.00 <br /> B 1 8.47 $ 423.50 <br /> ORANGE COUNTY <br /> 23 NORTH CAROLINA <br /> Commissioner Fowler asked if the Board only does what is in the current CIP, if the tax <br /> increase would be 2 cents. <br /> Travis Myren said yes. <br /> Chair Bedford said that the $12 million they set aside a year and a half ago prevented a <br /> tax increase for two years. <br />