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13 <br /> • Debt Capacity Target <br /> County policy has established a debt service capacity target of 15% of general fund <br /> revenues. Based on prior borrowing approved by the Board, this target is achieved in <br /> FY2026-27 at 12.78%. However, as money is borrowed for new school and County <br /> projects, the debt to general fund revenue ratio exceeds 15% starting in FY2028-29 <br /> and may reach as high as 19.71%in FY2032-33 based on the incrementaltax increase <br /> approach detailed above. <br /> Fiscal Year DS to GF Revenue ' <br /> 2026-27 12.78% <br /> 2027-28 13.64% <br /> 2028-29 17.31% <br /> 2029-30 18.61% <br /> 2030-31 18.30% <br /> 2031-32 18.60% <br /> 2032-33 19.71 <br /> 2033-34 19.51 <br /> 2034-35 18.63% <br /> 2035-36 17.71 <br /> Both the projected tax rate impact and the debt to general fund revenue ratio are <br /> subject to change. Both are sensitive to factors such as tax base growth and project <br /> timing.As the tax base grows, each one cent on the tax rate generates more revenue. <br /> In addition, if project implementation lags the projected implementation date, the <br /> taxes required to pay for that debt would also be postponed. <br /> 4. Reference Guide for Recommended Year 1 (FY2026-27) Projects <br /> The FY2026-36 CIP continues to recommend repair and critical maintenance of County <br /> facilities and infrastructure. Many of the County maintenance and repair projects <br /> throughout the 10-year plan were recommended through a Facility Condition Assessment. <br /> This Assessment identified and prioritized the replacement of heating and cooling <br /> equipment, building fagades and windows, electrical systems, and roofing and created a <br /> 10-year replacement schedule for each category based on existing conditions, age, and <br /> expected useful life. These investments are intended to improve resiliency, extend the life <br /> of facilities, and improve service delivery to residents. The County projects contained in the <br /> first year of the Plan are summarized below. <br /> Page 1 11 <br />