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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: June 5, 2025 <br /> Action Agenda <br /> Item No. 1 <br /> SUBJECT: Discussion and Decisions on FY 2025-35 Capital Investment Plan <br /> DEPARTMENT: County Manager <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> Travis Myren, (919) 245-2308 <br /> Amendments to the Proposed Budget Caitlin Fenhagen, (919) 245-2303 <br /> available electronically at: Kirk Vaughn, (919) 245-2153 <br /> https://www.oran.gecountync..pov/budget/ <br /> amendments <br /> PURPOSE: To discuss the FY 2025-35 Capital Investment Plan, accept the Ten-Year Capital <br /> Investment Plan, and approve the Intent to Adopt Capital Funding for FY 2025-26. <br /> BACKGROUND: For over 20 years, the County has produced a Capital Investment Plan (CIP) <br /> that establishes a budget planning guide related to capital needs for the County as well as <br /> Schools. The current CIP consists of a 10-year plan that is evaluated annually to include year-to- <br /> year changes in priorities, needs, and available resources. Approval of the CIP commits the <br /> County to the first year funding only of the capital projects. All other years are used as a planning <br /> tool and serves as a financial plan. <br /> Capital Investment Plan — Overview <br /> The FY 2025-35 CIP includes County Projects, School Projects, and Proprietary Projects. The <br /> School Projects include Chapel Hill-Carrboro City Schools, Orange County Schools, and Durham <br /> Technical Community College — Orange County Campus projects. The Proprietary Projects <br /> include Water and Sewer, Solid Waste Enterprise Fund, and Sportsplex projects. <br /> The CIP has been prepared anticipating moderate economic growth of approximately 2% in <br /> property tax growth and 4% sales tax growth over the next ten years. Many of the projects in the <br /> CIP will rely on debt financing to fund the projects. <br /> FINANCIAL IMPACT: The Ten-Year Capital Investment Plan is a long-range financial planning <br /> tool with a financial impact in FY 2025-26, if the first year of the CIP is approved by the Board of <br /> County Commissioners with the adoption of the Annual Operating Budget. <br /> ALIGNMENT WITH STRATEGIC PLAN: This item supports: <br /> • MISSION STATEMENT — Orange County is a visionary leader in providing governmental <br /> services valued by our community, beyond those required by law, in an equitable, <br /> sustainable, innovative and efficient way. <br />