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37 <br /> 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 DStoGF Debt Tax Rate Pay Go Tax Rate <br /> No changes to either district major projects Year Debt to AV Revenues Equivalent Equivalent <br /> Slight delay to districts ability to use Pay-Go on 2026 1.24% 11.32% - 0.971 <br /> High Priority Projects 2027 1.51% 13.10% 2.420 2.020 <br /> 2028 1.78% 14.19% 1.45¢ - <br /> Impact on Tax Impact 2029 1.78% 16.55% 2.870 <br /> 2030 1.61% 17.82% 1.530 <br /> Incremental Debt comes in slightly quicker in 28 and 29 2031 1.611/. 17.87% 0.130 - <br /> (.03 cents a year), but total debt doesn't change 2032 1.81% 17.66% - 0.084 <br /> Pay-Go impact in 26 reduced to.97 cents, but total tax 2033 1.69% 18.56% 0.880 0.084 <br /> for both Pay-Go and Debt would total 4.44 cents in 27. 2034 1.46% 19.12% 0.900 0.07a <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 I_m_p et 10.18� 3.284 <br /> ORANGE COUNTY <br /> 34 NORTH CAROLINA <br /> Slide #35 <br /> Say-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$500 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 DStoGF Debt Tax Rate Pay Go Tax Rate <br /> Year Debt to AV• $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 1.24% 11.42% <br /> Major Project budgets left intact, but flexibility is mostly 2027 1.53°i 13.27% 2.420 1.634 <br /> removed from plan. Putting pressure on either 3rd 2028 1.81% 14.26% 1zu 1.16* <br /> project or rest of district portfolio 2029 1.81% 16.74% 3.02a <br /> 2030 1.62°A 18.05% 1.58t <br /> Impact on Tax Impact 2031 1.63% 18.06% 0.09t <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 1.691A 18.67% 0.68� <br /> 16% 0.8U46% 19. <br /> • Pay-Go impact in 26 reduced to.15 cents, but 2034 1. _ <br /> consecutive multi-cent tax increases between 27-29, 2035 1.34% 17.99% <br /> including 4.05 cent tax increase in 27. Total Impact 10A80 2.954 <br /> ORANGE COUNTY <br /> 35 NORTH CAROLINA <br />