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38 <br /> 1 Slide #36 <br /> Pay-Go Phase-in Motions <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 1,0 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."% <br /> 3 Major Projects delayed one year, adding$5.4 M 2027 1,19% 13.271 2.424 1.784 <br /> $15.8 M reduction in total funding for High Priority 2028 1.64% 13.17% 0.274 1.164 <br /> Needs or 3"'project. 2029 1.80% 14.54% 1.824 <br /> 2030 1.63% 17.30°% 3.134 <br /> 2031 1.64% 18.10% 1.024 <br /> Impact on Tax Impact <br /> 2432 1.82% 17.8595 _ <br /> Borrowing is delayed so tax increases for debt 2033 1.71% 18.73% 0.714 <br /> comes in slower in 28-30,and.13 lower overall 2034 1.48% 19.24% 0.894 <br /> No Pay-Go tax in 26,4.2 cent total increase in 27 2035 1.36% 18.07% - <br /> Total Impact 10.084 2.954 <br /> 36 ORArNGE COUNATY <br /> 2 <br /> 3 Kirk Vaughn listed the three major projects that would be delayed under the scenario <br /> 4 described in slide #36. He said that results in $15.8 million not available for school high priority <br /> 5 needs. <br /> 6 <br /> 7 Slide #37 <br /> Questions? <br /> ORANGE COUNTY <br /> N"W]'H C'ARC3L11VA. <br /> 8 <br /> 9 Vice-Chair Hamilton said that one of the reasons she did not want to do pay-go in year <br /> 10 one is due to the revaluation. She said there is a perfect storm of tax situations that are not <br />