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31 <br /> <br />every year going forward just for these. He said he does not see it as optional but he wants <br />everyone to keep that in mind. <br /> Chair Bedford asked what kind of interest rate assumptions were made in calculations. <br /> Travis Myren said 5% for 20 years. <br /> Commissioner Hamilton said with project-based funding, the timing of them may have an <br />impact on borrowing costs. She said but it is a one-time increase. She asked if the costs are less, <br />will they decrease the tax rate or vice-versa. <br /> Travis Myren said over the term of the 10-year schedule, they will check in periodically. <br />He said they know what the totals will be. He said in some cases they will generate more tax <br />revenue than needed in that particular year but will need it in year 6. He said if there are lower <br />borrowing costs because of timing, they will need to check in to see what the actual transfer needs <br />to be. He said that it could be a tax increase or decrease. He said that would have a ripple effect <br />on the operating budget. <br /> <br />Slide #52 <br /> <br /> <br /> <br /> <br />