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30 <br /> Slide #11 <br /> SAMPLE BALLOT <br /> Orange County School Bonds <br /> Additional property taxes may be levied on property located in Orange County <br /> in an amount sufficient to pay the principal of and interest on bonds if <br /> approved by the following ballot question. <br /> Shall the order authorizing$300,000,000 bonds plus interest to pay capital <br /> costs of providing school facilities and paying related costs and providing that <br /> additional taxes may be levied in an amount sufficient to pay the principal of <br /> and interest on the bonds,as adopted by the County's Board of <br /> Commissioners on June 4,2024,be approved,in light of the following: <br /> (1)The estimated cumulative cost over the life ofthe bond,using the highest <br /> interest rate charged for similar debt over the last 20 years,would be <br /> $480,360,000. <br /> (2)The amount of property tax liability increase for each one hundred <br /> thousand dollars($100,000)of property tax value to service the cumulative <br /> cost over the life of the bond provided above would be$34.10 per year. <br /> YES NO <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> Gary Donaldson said that the county previously received confirmation from the LGC and <br /> now the language in slide #11 shows all of the details. <br /> Slide #12 <br /> QUESTIONS <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> Commissioner Richards asked how the interest rate would be reflected in the sample <br /> ballot. She asked for confirmation that it is not reflected in the actual tax increase. <br />