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53 <br /> Pay-Go Phase-in Options <br /> Board Option — No Pay-Go in FY 25-26 using framework 3 — delay projects <br /> Staff Assumptions: FY 25-26 Pay-Go is reduced to $0, FY 26-27 Pay-Go is reduced to $6 M, FY 27-28 remains at $10 M. <br /> Pay-Go will be $100 M over 10 years of 26-36, rather than 25-35. <br /> Impact on School Projects Year Debt to AV DS to GF Debt Tax Rate Pay Go Tax Rate <br /> Revenues Equivalent Equivalent <br /> • $10.4 M reduction in total pay-go funding for schools <br /> over 10 years. 2026 1.24% 11.44% " <br /> • 3 Major Projects delayed one year, adding $5.4 M 2027 1.19% 13.27% 2.42� 1.78� <br /> • $15.8 M reduction in total funding for High Priority <br /> 2028 1.64% 13.17% 0.27t 1.16t <br /> Needs or 3rd project. 2029 1.80% 14.54% 1.62� - <br /> 2030 1.63% 17.30% 3.13� - <br /> 2031 1.64% 18.10% 1.02� - <br /> Impact on Tax Impact 2032 1.82% 17.85% " <br /> • Borrowing is delayed so tax increases for debt 2033 1.71% 18.73% 0.7U - <br /> comes in slower in 28-30, and .13 lower overall 2034 1.48% 19.24% 0.890 - <br /> • No Pay-Go tax in 26, 4.2 cent total increase in 27 2035 1.36% 18.07% - <br /> Total Impact 10.06� 2.95� <br /> ORANGE COUNTY <br /> 36 NORTH CAROLINA <br />