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13 <br /> 1 Slide #13 <br /> Capital Budget Amendments <br /> Tax Impact of All Amendments Passing: <br /> Current Debt Model All Amendments Approved Model <br /> Year DS to GF Debt Tax Rate Pay Go Tax Rate DS to GF Debt Tax Rate Pay Go Tax Rate <br /> Revenues Equivalent Equivalent Revenues Equivalent Equivalent <br /> 2025 11.20% - 1.940 11A2% 0.15t <br /> 2027 13.10% 2.42� 1.070 13.24% 2.40t 1.634 <br /> 2028 14.16% 1.42� - 14.35% 1.670 1.160 <br /> 2029 16.50% 2.84� 17.06% 3.314 - <br /> 2030 17.78% 1.55t 18.14% 1.33t <br /> 2031 17.87% 0.18t 17.80% <br /> 2032 17.75% 17.54% <br /> 2033 18.61% 0.99t 18.44% - <br /> 2034 19.16% 0.800 18.77% 0.794 <br /> 2035 18.00% - 17.60% - <br /> otal 10.19d 3.014 9.5N 2.95G <br /> ORANGE COUNTY <br /> 13 NC7R"1-H CAROL_ NA <br /> 2 <br /> 3 <br /> 4 2. Discussion of FY 2025-26 Operating Budget <br /> 5 • Funding Decisions on the Operating Budget Amendment List <br /> 6 • Funding Decisions for Chapel Hill-Carrboro City Schools and Orange County Schools <br /> 7 o Current Expense (Per Pupil) <br /> 8 <br /> 9 The Board reviewed, discussed and made decisions regarding the FY 2025-26 Manager's <br /> 10 Recommended Orange County Annual Operating Budget and approve a Resolution of Intent to <br /> 11 Adopt the FY 2025-26 Orange County Annual Operating Budget. <br /> 12 <br /> 13 BACKGROUND: The County Manager presented the FY 2025-26 Recommended Budget on May <br /> 14 6, 2025. Subsequently, the Board has conducted two public hearings to receive residents' <br /> 15 comments regarding the proposed funding plan. In addition to the public hearings, the Board <br /> 16 heard presentations and held discussions with representatives of the County fire districts, the <br /> 17 local boards of education, representatives of the community college, and County Functional <br /> 18 Leadership Teams as related to the proposed funding plan for FY 2025-26. <br /> 19 <br /> 20 Tonight's Agenda: Tonight's work session offers the Board an opportunity to discuss the <br /> 21 recommended budget, including discussion and review of the Budget Amendment list. As soon <br /> 22 as these discussions are completed, the Board will deliberate and make decisions regarding the <br /> 23 FY 2025-26 Annual Operating Budget and approve a Resolution of Intent to Adopt the FY 2025- <br /> 24 26 Annual Operating Budget. The Board is scheduled to adopt the final FY 2025-26 Annual <br /> 25 Operating Budget for Orange County at its Business meeting on June 17, 2025. <br /> 26 <br /> 27 A DRAFT Resolution of Intent to Adopt the FY 2025-26 Budget is attached for reference. The <br /> 28 sections highlighted in yellow reflect areas that could be adjusted based on the current list of <br /> 29 posted amendments. <br /> 30 <br />