Orange County NC Website
Browse       Search
38 <br /> 1 Chair Bedford said they are nowhere close to that limit. <br /> 2 Travis Myren said they are not close at all. <br /> 3 <br /> 4 Slide #47 <br /> FY2025-35 Recommended Capital Investment Plan <br /> Funding the Plan <br /> • Pay-Go—1.98 cent tax increase in FY2025-26 <br /> • Debt—No tax increase required in FY2025-26 <br /> • County has options for how to fund future debt service increases in the future <br /> Fisca:l Year Incremental Tax Upfront Tax Tranche <br /> 2026 <br /> 2027 1.78 7.68 4.0 <br /> 2028 1.77 <br /> 2029 2.91 <br /> 2030 1.59 4.0 <br /> 2031 0.19 <br /> 2032 <br /> 2033 1.04 1.4 <br /> 2034 0.73 _ <br /> Total 10.01 7.68 9.4 <br /> ORANGE COUNTY <br /> 47 NORTH CAROLINA <br /> 5 <br /> 6 The Board indicated that they were interested in an incremental tax strategy as listed in <br /> 7 slide #47. <br /> 8 <br /> 9 Slide #48 <br /> FY2025-35 Recommended Capital Investment Plan <br /> Schedule for Consideration <br /> — Work Session on Capital Investment Plan April 22 <br /> — Further Consideration through. Budget Work Sessions May-June <br /> — Approval of the Operating and Capital Budget June 17 <br /> ORANGE COUNTY <br /> 48 NOR'T'H CAROLINA <br /> 10 <br />