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40 <br /> 1 Slide#S <br /> FY 2026-27 Living Wage <br /> • Living Wage -$500,000 cost to model <br /> - Living Wage=Hourly rate required to rent a one bedroom apartment so that no more than 30%of income is used for <br /> housing <br /> - Rent=Prior Four Year Average Fair Market Rent(FMR)as defined by HUD for a One Bedroom Apartment <br /> - Orange County Living Wage=blended rate using six adjacent counties where 86%of County employees currently <br /> live <br /> County Monthly Fair Hourly Rate @ t. <br /> Market Rent Income for Rent <br /> Burlington MSA FMR Alamance $919 $17.67 <br /> Caswell County FMR - -. Caswell $724 $13.92 <br /> Chatham $1,305 $25.10 <br /> Derham-Chapel Hili MSA Durham $1,305 $25.10 <br /> FMR Orange $1,305 $25.10 <br /> Person County FMR Person $688 $13.23 <br /> 6 County <br /> $1,041 $20.02 <br /> Average ORANGE COUNTY <br /> S NORTH CAROLINA <br /> 2 <br /> 3 Travis Myren said departments like DEAPR and Solid Waste will be most impacted by the increase <br /> 4 to the living wage, and indicated fee increases in those departments are likely to be recommended to <br /> 5 offset living wage costs. <br /> 6 <br /> 7 Slide#6 <br /> FY 2026-27 Pay-As-You-Go Funding <br /> • Pay-Go for Schools and County Projects—($3 million)savings to model <br /> - January Budget Model included $6 million in Pay-Go for School Projects <br /> - Manager's Recommended CIP includes$3.5 million in Pay-Go for School Projects=$2.5 million <br /> savings to model <br /> - Pay-Go also reduced for County IT Infrastructure and Parks Facility Renovation, Repair, and Safety <br /> Projects where prior balances were applied = $500,000 savings to the model <br /> Amended Pay-Go increases in FY 26-36 Manager Recommended Budget <br /> $3 million increase in FY2026-27 <br /> $3 million increase in FY2027-28 <br /> $3.5 million increase in FY 2028-29 <br /> ORANGE COUNTY <br /> 6 NORTH CAROLINA <br /> 8 <br /> 9 <br /> 10 <br />