Orange County NC Website
Browse       Search
21 <br /> 1 Slide #16 <br /> FY 2026-27 Expenditure Budget <br /> Modeled New Costs <br /> Increased Software as a Service Cost-$525,000 <br /> SOL Licenses+New Programs <br /> Maintain FY2025-26 support for Longtime Homeowner Assistance program at 25%County tax relief <br /> Crisis Diversion Facility start up and operating costs-$800,000 <br /> Currently planned to open in the 4'"quarter of FY2026-27 <br /> $3,000,000 estimated annualized cost <br /> Model includes one quarter of expenses <br /> Debt Service—pending sizing of 2026 spring borrowing, could be as high as$9.5 million increase <br /> Large 2025 spring financing <br /> Sorrowing for the Crisis Diversion Facility and the Durham Tech Community College expansion <br /> ORANGE COUNTY <br /> 16 Nt712't't-1 CAROLINA <br /> 2 <br /> 3 <br /> 4 Slide #17 <br /> Projected Future Debt Impact <br /> Represents project timing as currently scheduled In the Capital Investment Plan <br /> Actual size and timing will be based an project tempo <br /> Year Debt to AV D5 to GF revenues Tax Rate Equivalent <br /> 2027 1.58% 13.13% 2-534 <br /> 2028 1.86% 14.40% 1.684 <br /> 2029 1,80% 17.10% 3.304 <br /> 2030 1.61% 18.18% 1.344 <br /> 2031 1.62% 17.86% - <br /> 2032 1.76% 17.60% <br /> 2033 1.65% 18.50% - <br /> 2034 1.42% 18.82% €1.894 <br /> 2035 1.30% 17.67%n - <br /> otalimpact 9.731 <br /> 17 <br /> ORANGE COUNTY <br /> NA5 <br /> 6 Commissioner Carter asked if the increased debt service is due to the amount of debt in <br /> 7 service as opposed to an increased cost of debt service. <br /> 8 Travis Myren said debt service is like paying off the principal and interest for a mortgage <br /> 9 payment. <br /> 10 Commissioner Carter said it reflects that the county added to the debt. <br />