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56 <br /> 1 Slide#8 <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 /> s ORANGE COUNTY <br /> 2 <br /> 3 Kirk Vaughn observed that the current Pay-Go phase-in is just sufficient for the district bond plans <br /> 4 with small margins. He explained that if the board chose to reduce or delay Pay-Go implementation, it <br /> 5 would likely require returning to the school districts and asking for revised plans with a smaller budget. <br /> 6 Alternatively, spreading projects out into the seven-to-ten-year window could lower near-term and <br /> 7 cumulative tax rate increases but would reduce the amount of Pay-Go available for maintenance of <br /> 8 remaining school buildings. <br /> 9 <br /> 10 Slide#9 <br /> High Priority Needs <br /> High Priority Needs—$6.4 million <br /> • Appropriated by Project <br /> • Specific Projects Enumerated Annually for Flexibility <br /> • Financed Using Annual Debt,Lottery Proceeds,and Remaining Bond or Supplemental Pay-Go <br /> High Priority Needs Recommended <br /> East Chapel Hill High Roof Replacement $3.0 million <br /> Carrboro High Roof Replacement $1.2 million <br /> Mary Scroggs Elementary Trailer HVAC Replacement $56,400 <br /> AL Stanback Middle HVAC Replacement-Paired with$5.28 M Major $2.1 million <br /> Project Funding in FY 2028 based or$7.4 M total project cost <br /> TOTAL $6.4 million <br /> ORANGE COUNTY <br /> 9 NOR"I'H CARCf LINA <br /> 11 <br />