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12 <br /> 1 Commissioner Greene said she had said that this is backtracking on their commitment but <br /> 2 due to the times and the needs, she supports it. <br /> 3 <br /> 4 A motion was made by Commissioner McKee, seconded by Commissioner Portie-Ascott, <br /> 5 to approve budget amendment CIP-1314. <br /> 6 <br /> 7 VOTE: Ayes, 6 (Chair Bedford, Vice-Chair Hamilton, Commissioner Carter, Commissioner <br /> 8 Greene, Commissioner McKee, Commissioner Portie-Ascott); Nays, 1 (Commissioner <br /> 9 Fowler) <br /> 10 <br /> 11 MOTION PASSES <br /> 12 <br /> 13 Commissioner McKee said for anyone who listening, there was a reasonable statement <br /> 14 and valid reason to oppose this. He said there are occasionally "no" votes, and he asked people <br /> 15 to listen to the explanation. <br /> 16 <br /> 17 Slide #12 <br /> Capital Budget Amendments <br /> Tax Impact of Pay-Go Amendment: Does not include impact of Staff or Bedford <br /> amendments. <br /> FY 25-26 Pay-Go is reduced to$500 K for project management, FY 26-27 Pay-Go is reduced to$6 M.FY 27-28 remains at <br /> $10 M. No additional Pay-Go is added back. <br /> Year Debt to AV DStoGF Debt Tax Rate Pay Go Tax Rate <br /> Impact on School Projects Revenues Equivalent Equivalent <br /> $9.9 M reduction in total pay-go funding for schools 2026 1.24% 11.42% - 0.154 <br /> over 10 years,pushing out multiple High Priority Needs 2027 1.53% 13.27% 2.424 1.63t <br /> Reduction puts pressure on either 3rd 2028 1.81% 14.26% 1.51t 1.164 <br /> project or rest of district portfolio. Districts would have 2029 1.81% 16.74% 3M4 - <br /> to prioritize how to absorb their cuts. 2030 1.62% 18.05% 1.584 - <br /> 2031 1.63% 18.06% 0.094 <br /> Impact on Tax Impact 2032 1.80% 17.79% - <br /> 2033 1.69% 18,67% 0-684 <br /> Borrowing is accelerated s0 tax increases for debt 2034 1.46% 19.16% 0.87t <br /> come in faster in 28-30, but same total. 2035 1.34% 17.99% <br /> Pay-Go impact in 26 reduced to.15 cents,but Total Impact 10.18t 2.95k <br /> consecutive multi-cent tax increases between 27-29, ORANGE COUNTY <br /> 7z including 4A5 cent tax increase in 27. NCM1 1-a CARnr.TNA <br /> 18 <br /> 19 <br /> 20 <br />