Orange County NC Website
26 <br /> 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 /> DS to GF Tax Rate <br /> Year Debt to AV Base Revenues Equivalent 2.790 <br /> 0 <br /> 2024 1.64% 13.60% <br /> 2025 1.66% 13.09% School <br /> Pay-Go: <br /> 2026 1.21% 12.83% 8� 268¢ <br /> 2027 1,44% 14.181A <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 8.88$ <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> Slide #4 <br /> Annual Debt Service Payments on Existing Debt <br /> 540,o00,000 <br /> $35,000,000 <br /> $30,000,000 <br /> S25,000,000 <br /> szo,oco,oco <br /> $15,000,000 <br /> S10,000,000 <br /> $510Do,o00 <br /> 2624 2025 2026 2027 2029 2029 2030 2031 2032 2033 2034 2035 <br /> ■County Annual Debt Service ■Schools Annual Debt Service ■Durham Tech Annual Debt Service <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> Chair Bedford asked a clarification on the math of the general obligation bond and the <br /> pay-go rate and why it was not as simple as it seems it should be. <br />