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174 <br /> Major Projects — Board Options to adjust projects <br /> • Current Pay-Go Phase-in structure sufficient for current district bond plans with small margins. <br /> • Reducing or delaying implementation of pay-go from this amount would require asking school <br /> districts to submit new bond plans with smaller scopes. <br /> • Instead of reducing Pay-Go, the County can lower upcoming tax rate increases and the <br /> cumulative tax increase by pushing back the upcoming school projects. <br /> - Inflationary cost increases from delaying construction projects would reduce the amount of pay-go funds available <br /> for High Priority Needs. <br /> ORANGE COUNTY <br /> 8 N©RTH CAROLINA <br />