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<br /> General Obligation Debt Information for Underlying Units as of June 30,2023
<br /> 2022 Assessed' Tax Rate Bonds Authorized and Total GO Total GO Debt
<br /> Unit Population' Valuation Per 100 Unissued Debt' Per Capita
<br /> Carrboro 21,136 $2,848,373,576 .6044 -- $2,100,000 $99.36
<br /> Chapel Hill 62,195 9,514,586,959 .5220 $24,045,000 47,516,000 763.98
<br /> Hillsborough 9,902 1,584,586,675 .5870 -- -- --
<br /> Mebane' 19,338 2,860,603,424 .4700 -- -- --
<br /> 'Estimates of North Carolina Office of State Budget and Management.
<br /> 2 Does not include installment financing agreements,revolving loans and revenue bonds as these obligations are not general obligations.
<br /> 'Approximately 19%of this population resides in Orange County and 81%resides in Alamance County.
<br /> Other Long-Term Commitments
<br /> The County currently has a variety of financing agreements for vehicles and other equipment.In
<br /> addition, the County has financed school, public buildings, landfill and water and sewer projects through
<br /> installment financing agreements which, as of June 30, 2023, had a combined principal balance of
<br /> approximately$190.79 million. Annual requirements to service these obligations are as follows:
<br /> Fiscal Year Landfill and Sportsplex Governmental Purposes Totals
<br /> Ending Principal Principal Principal
<br /> June 30 Principal and Interest Principal and Interest Principal and Interest
<br /> 2024 $ 1,268,590 $1,594,130 $18,406,468 $24,320,036 $19,675,058 25,914,166
<br /> 2025 1,131,406 1,412,446 18,444,652 23,913,150 19,576,058 25,325,596
<br /> 2026 1,028,216 1,267,508 16,286,081 21,083,655 17,314,297 22,351,163
<br /> 2027 1,227,576 1,420,918 16,993,423 21,068,209 18,220,999 22,489,127
<br /> 2028 750,577 905,045 12,219,422 15,706,148 12,969,999 16,611,193
<br /> 2029-2033 2,460,542 2,927,708 47,225,459 58,947,289 49,686,001 61,874,997
<br /> 2034-2038 1,452,000 1,616,135 31,469,000 36,754,833 32,921,000 38,370,968
<br /> 2039-2043 419,000 441,989 20,008,000 21,212,544 20,427,000 21,654,533
<br /> TOTALS $9,737,907 11,585,879 $181,052,505 $223,005,864 $190,790,412 $234,591,743
<br /> Debt Outlook
<br /> The County has an extensive ten-year capital improvement program underway to provide public
<br /> safety, school facilities, government facilities, affordable housing, and park improvements. The County's
<br /> program will be funded through bond proceeds, installment financing proceeds, and pay-as-you go funds
<br /> for specific County capital projects as identified in its long-term debt model. The County Manager's
<br /> recommended ten-year capital investment program contemplates total borrowings of approximately$631.4
<br /> million including$13 million in Limited Obligation Bonds in fiscal year 2024 and$300 million in pending
<br /> voter approval of Referendum General Obligation Bonds for both school districts beginning in fiscal year
<br /> 2027. The County has factored in an estimated future tax rate increases of 8.88 [percent?][cents?] in
<br /> FY2025-26 to fund the capital program.
<br /> TAX INFORMATION
<br /> General Information
<br /> Fiscal Year Ended or Ending June 30,
<br /> 2020 2021 2022 2023
<br /> Assessed Valuation
<br /> 37
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