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<br /> 1 Slide #29
<br /> Projected Future Debt Impact
<br /> Debt Model anticipates significant increases over the next 5 years
<br /> Size and timing of tax increases are highly variable, based on timing of current projects and
<br /> upcoming school projects
<br /> Year Debt to AV DS to GF Revenues Tax Rate Equivalent
<br /> 2026 1.31°% 11.80% 0.11�
<br /> 2027 1.57% 14.18% 3.25d
<br /> 2028 1.68% 14.73% 0.68�
<br /> 2029 1.93% 16.60% 2.29�
<br /> 2030 1.73% 17.87% 1.52�
<br /> 2031 1.65% 19.01% 1.44�
<br /> 2032 1.83% 18.27% -
<br /> 2033 1.70% 18,75% -
<br /> 2034 1.46% 19.06% -
<br /> 2035 1.33% 18.19% -
<br /> Total Impact _YE COUNTY
<br /> y
<br /> Y NORTH CAROLINA
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<br /> 4 Slide #30
<br /> Long Range Financial Model
<br /> GENERAL FUND SUMMARY FORECAST
<br /> Actual Original Projected Projected Projected
<br /> 2023-24 2024-25 2025.26 2026-27 2027-28
<br /> (S In Thousands)
<br /> Property Tax 193,179 201,999 206,746 211,040 215,425
<br /> ales Tax 42,644 44,139 45,057 46,605 48,213
<br /> ntergovernmental 20,541 22,018 22,639 23,279 23,938
<br /> harges for Service 13,912 15,104 14,851 15,103 15,361
<br /> Cher Revenue 6,242 3,044 2,999 3,007 3,015
<br /> ransfers In 11508 1,006 653 116 120
<br /> p i op of Fund Balance 7 100 7,313 7,532 7,758
<br /> Total Revenues 278,024 294,410 300,259 306,682 313,830
<br /> ersonnel Services 94,558 102,975 108,326 112,185 116,279
<br /> perations 35,658 35,858 37,316 38,768 39,716
<br /> ecurring Capital 566 194 198 202 206
<br /> ducation 104,038 113,115 116,507 119,999 123,597
<br /> ont ribs.to Oth or Ag on cies 2,171 2,511 2,535 2,561 2,587
<br /> ransfers To(Including Debt) 39,236 39,757 51,332 63,494 67,629
<br /> &M Impact from CIP 0 652 5,104 5,378
<br /> Total Expenditures 276,228 294,410 317,366 342,314 3552394
<br /> Pet Annual Rev(Exp) 1,796 (0) (17,107) (35,632) (41,564)
<br /> ap to Close 0 17,107 35,632 41,564
<br /> ORANGE COUNTY
<br /> NORTH CAROLINA
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<br /> 6 Travis Myren said through the upcoming budget cycle, staff will work on getting the
<br /> 7 highlighted gap to zero.
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