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26 <br /> 1 Slide #3 <br /> Total Tax-Supported Debt to Assessed Value <br /> and Debt Service to General Fund Revenues <br /> Tax Rate Breakdown of Capital <br /> Improvement Plan <br /> Year Debt to AV DS to GF Tax Rate Base CIP: <br /> Revenues Equivalent P,790 <br /> 2024 1.64% 13.60% - <br /> 2025 1.66% 13.09% School <br /> Pay-Go: <br /> 2026 1.21% 12.83% 8 88'f 2.680 <br /> 2027 1,44% 14.18% - <br /> 2028 1,54% 14.59% - School <br /> 2029 1.77% 16.79% GO Bonds: <br /> 3.410 <br /> 2030 1.58% 18.34% <br /> 2031 1.51% 19.67% <br /> 2032 1.67% 19.01% - <br /> 2033 1.55% 19.32% - <br /> 2034 1.34% 19.89% - <br /> 2035 1.21% 18.89% - <br /> Total Impact 8.884 <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> 2 <br /> 3 <br /> 4 Slide #4 <br /> Annual Debt Service Payments on Existing Debt <br /> S40,000,C00 <br /> S35,000,000 <br /> S30,000,000 <br /> $25,000,000 <br /> szo,000,000 <br /> $15,000,000 <br /> S10,000,000 <br /> $5,000,000 <br /> $ <br /> 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 <br /> ■County Annual Debt Service ■Schools Annual Debt Serwe ■Durham Tech Annual Debt Service <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> 5 <br /> 6 Chair Bedford asked a clarification on the math of the general obligation bond and the <br /> 7 pay-go rate and why it was not as simple as it seems it should be. <br />