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6 <br /> 1 The FY 2024-34 CIP includes County Projects, School Projects, and Proprietary Projects. The <br /> 2 School Projects include Chapel Hill-Carrboro City Schools, Orange County Schools, and Durham <br /> 3 Technical Community College — Orange County Campus projects. The Proprietary Projects <br /> 4 include Water and Sewer, Solid Waste Enterprise Fund, and Sportsplex projects. <br /> 5 <br /> 6 The CIP has been prepared anticipating moderate economic growth of approximately 2% in <br /> 7 property tax growth and 4% in sales tax growth annually over the next ten years. The CIP will <br /> 8 rely substantially on debt financing to fund the projects and these required debt amounts are <br /> 9 fully integrated in the County's Long-Term Debt Model. <br /> 10 <br /> 11 Travis Myren, Deputy County Manager, made the following presentation: <br /> 12 <br /> 13 Slide #1 <br /> Agenda Item 4-b �! <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> Introduction of the Capital Investment <br /> Plan for FY2024-34 <br /> Board of Commissioners Business Meeting <br /> April 2, 2024 <br /> 14 <br /> 15 <br /> 16 Slide #2 <br /> Purpose <br /> • Purpose of the Capital Investment Plan <br /> — Board Approves Year 1 of the Plan as the FY2024-25 Capital Budget <br /> — Ten Year Planning Horizon(FY2024-34) <br /> Imposes Planning Discipline <br /> No Surprises <br /> — Debt Service Requirements <br /> Amount of Funds Required in the Operating Budget <br /> Measures Debt Capacity—Debt Service Compared to Expected General Fund Revenue <br /> Predicts Potential Tax Increases Required to Pay Debt Service <br /> z ORANGE COUNTY <br /> 17 <br /> 18 Slide #3 <br />