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37 <br /> 1 Slide #34 <br /> Pay-Go Phase-in Options <br /> Board Option - Half Pay-Go in FY 25-26 using framework 1 <br /> Staff Assumptions: FY 25-26 Pay-Go is reduced to$3.2 M. FY 26-27 Pay-Go is still$10 M, $3.2 M Pay-Go is added to years <br /> 7-10 incrementally <br /> Impact on School Projects DS to GF Debt rax Rate Pay Go Tax Rate <br /> No changes to either district major projects Year Debt to AV Revenues Equivaient Equivalent <br /> Slight delay to districts ability to use Pay-Go on 2025 1.24% 11.32>. - 0.971 <br /> High Priority Projects 2027 1.51% 13.10` 2.42¢ 2.026 <br /> 2028 1.78% 14.197; 1.454 <br /> Impact on Tax Impact 2029 1.78% 16.55% 2.874 <br /> 2030 1.61% 17.82% 1.534 <br /> Incremental Debt comes in slightly quicker in 28 and 29 0.13t <br /> 2031 1.61% 17.$796 <br /> (03 cents a year), but total debt doesn't change 2032 181% 1766% 0.080 <br /> Pay-Go impact in 26 reduced to.97 cents,but total tax 2033 1.69% 18.56% 0.884 0.08t <br /> for both Pay-Go and Debt would total 4.44 cents in 27. 2034 1.45% 19.12% 0.900 0.070 <br /> Incremental increase in 32-35 would exceed natural 2035 1.35% 17.95% - 0.074 <br /> growth in revenues, so may require slight tax increase. Total Impact 10.180 3.280 <br /> ORANGE COUNTY <br /> 34 Nt)R l t t CAROLINA <br /> 2 <br /> 3 <br /> 4 Slide #35 <br /> Pay-Go Phase-in Options <br /> Board Option -Almost no Pay-Go in FY 25-26 using framework 2 <br /> Staff Assumptions: FY 25-26 Pay-Go is reduced to 5500 K for project management. FY 26-27 Pay-Go is reduced to$6 M, <br /> FY 27-28 remains at$10 M. No additional Pay-Go is added back. <br /> Impact on School Projects DS to GF Debt Tax Rate Pay Go Tax Rate <br /> Year Debt to AV <br /> • $9.9 M reduction in total pay-go funding for schools Revenues Equivalent Equivalent <br /> over 10 years, pushing out multiple High Priority Needs - 0.154 <br /> 2026 124% 11.42°6. <br /> Major Project budgets left intact, but flexibility is mostly 2027 1.53% 13.27% 2.420 1.6U <br /> removed from plan. Putting pressure on either 3rd 1.510 1.164 <br /> project or rest of district portfolio 2028 1.81% 14.74%26% 3 020 <br /> 2025 1.$19+0 16.74%. <br /> 2030 1.62% 18.05% 1•584 <br /> Impact on Tax Impact 2031 1.63% 18.06%, 0.094 <br /> Borrowing is accelerated so tax increases for debt 2032 1.80% 17.79% - <br /> come in faster in 28-30, but same total. 2033 1.69% 18.67% 0.69t <br /> Pay-Go impact in 26 reduced to.15 cents,but 2034 1.46% 19.16% 0.870 <br /> consecutive multi-cent tax increases between 27-29, 2035 1.34% 17.99% - <br /> Total Impact 10.186 <br /> including 4.05 cent tax increase in 27. <br /> 2.956 <br /> 35 ORAN H caC•OUNATY <br /> 5 <br /> 6 <br /> 7 <br />