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<br /> General Obligation Debt Information for Underlying Units as of June 30 , 2023
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<br /> 2022 Assessed2 Tax Rate Bonds Authorized and Total GO Total GO Debt
<br /> Unit Population ' Valuation Per $ 100 Unissued DebF Per Capita
<br /> Carrboro 21 , 136 $2 , 848 , 373 , 576 . 6044 - - $29100 , 000 $ 99 . 36
<br /> Chapel Hill 62 , 195 9 , 51455869959 . 5220 $ 24, 04500 475516 , 000 763 . 98
<br /> Hillsborough % 902 1 , 584, 586 , 675 . 5870 - - - - - -
<br /> Mebane' 19 , 338 200035424 . 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 .
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<br /> Other Fong-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
<br /> Landfill and S orts lex Governmental Pu oses Totals j
<br /> Ending Principal Principal Principal
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<br /> June 30 Principal and Interest Principal and Interest Principal and Interest
<br /> 2024 $ 1 ,2 % 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 1 % 576 , 058 25 , 325 , 596 j
<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 , 96 % 999 16 , 611 , 193
<br /> 2029 -2033 2 , 460 , 542 2 , 927 , 708 47 ,225 , 459 58 , 947,289 4 % 686 , 001 61 , 874, 997
<br /> 2034-2038 1 , 45200 1 , 616 , 135 31 , 469 , 000 36 , 754, 833 32 , 921 , 000 38 , 370 , 968
<br /> 2039 -2043 419 , 000 441 , 989 2050085000 21 , 212 , 544 2054275000 214) 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 j.;
<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 /> ojects as identified in its long-term debt model . The County Manager ' s for specific County capital pr
<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 .
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<br /> TAX INFORMATION
<br /> General Information
<br /> Fiscal Year Ended or Ending June 30 ,
<br /> 2020 2021 2022 2023
<br /> Assessed Valuation
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