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31 <br /> 1 every year going forward just for these. He said he does not see it as optional but he wants <br /> 2 everyone to keep that in mind. <br /> 3 Chair Bedford asked what kind of interest rate assumptions were made in calculations. <br /> 4 Travis Myren said 5% for 20 years. <br /> 5 Commissioner Hamilton said with project-based funding, the timing of them may have an <br /> 6 impact on borrowing costs. She said but it is a one-time increase. She asked if the costs are less, <br /> 7 will they decrease the tax rate or vice-versa. <br /> 8 Travis Myren said over the term of the 10-year schedule, they will check in periodically. <br /> 9 He said they know what the totals will be. He said in some cases they will generate more tax <br /> 10 revenue than needed in that particular year but will need it in year 6. He said if there are lower <br /> 11 borrowing costs because of timing, they will need to check in to see what the actual transfer needs <br /> 12 to be. He said that it could be a tax increase or decrease. He said that would have a ripple effect <br /> 13 on the operating budget. <br /> 14 <br /> 15 Slide #52 <br /> FY2024-34 Recommended Capital investment flan <br /> Assessed VaWe Projected Tax Increase <br /> 8.88 cents <br /> $200,000 $17T60 <br /> 5300.000 $266.40 <br /> $400,000 $355.24 <br /> $500,000 $444,00 <br /> $640,004 $532.84 <br /> ORANGE COUNTY <br /> 52 hfC}R"TF 4�Y IiC7LdNA <br /> 16 <br /> 17 <br /> 18 <br /> 19 <br /> 20 <br />