Orange County NC Website
4 <br /> Year Debt to AV DS to GF Tax Rate <br /> Revenues Equivalent <br /> 2024 1.20% 13.60% <br /> 2025 1.47% 11.82% <br /> 2026 1.24% 11.20% <br /> 2027 1.50% 13.10% 2.42t <br /> 2028 1.77% 14.16% 1.42t <br /> 2029 1.78% 16.50% 2.80 <br /> 2030 1.61% 17.78% 1.55t <br /> 2031 1.62% 17.87% 0.18t <br /> 2032 1.81% 17.75% <br /> 2033 1.69% 18.61% 0.99t <br /> 2034 1.46% 19.16% 0.80� <br /> 2035 1.35% 18.00% <br /> Total Impact 10.19t <br /> The Debt to Assessed Value policy limit is 3% and the Debt Service to GF Revenues policy limit <br /> is 15%. The tax rate equivalent column represents the planned tax rate increase for all debt <br /> issuances over the ten-year CIP period. <br /> ALIGNMENT WITH STRATEGIC PLAN: This item supports: <br /> • GOAL 1: ENVIRONMENTAL PROTECTION AND CLIMATE ACTION <br /> • GOAL 5: PUBLIC EDUCATION/LEARNING COMMUNITY <br /> • GOAL 6: DIVERSE AND VIBRANT ECONOMY <br /> RECOMMENDATION(S): The Manager recommends that the Board approve the final financing <br /> resolution, which authorizes the steps to complete the financing of the stated capital projects and <br /> equipment, in the form presented. <br />