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6 <br /> Capital Investment Plan — Overview <br /> The FY 2024-34 CIP includes County Projects, School Projects, and Proprietary Projects. The <br /> School Projects include Chapel Hill-Carrboro City Schools, Orange County Schools, and Durham <br /> Technical Community College — Orange County Campus projects. The Proprietary Projects <br /> include Water and Sewer, Solid Waste Enterprise Fund, and Sportsplex projects. <br /> The CIP has been prepared anticipating moderate economic growth of approximately 2% in <br /> property tax growth and 4% in sales tax growth annually over the next ten years. The CIP will <br /> rely substantially on debt financing to fund the projects and these required debt amounts are <br /> fully integrated in the County's Long-Term Debt Model. <br /> Travis Myren, Deputy County Manager, made the following presentation: <br /> Slide #1 <br /> Agenda Item 4-b <br /> ORANGE COUNTY <br /> NOQRTH CAROMINA <br /> Introduction of the Capital Investment <br /> Plan for FY2024-34 <br /> Board of Commissioners Business Meeting <br /> April 2, 2024 <br /> 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 /> ORANGE COUNTY <br /> 2 NORTH CAROLINA <br />