Orange County NC Website
Browse       Search
54 <br /> 2. Capital Update <br /> a. County Manager's Recommended Capital Investment Plan <br /> Kirk Vaughn, Orange County Budget Director, made the following presentation: <br /> Slide#1 <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> School Capital Investment Plan <br /> FY 2026-36 <br /> April 30, 2026 <br /> Joint Meeting <br /> Slide#2 <br /> What has changed from prior School CIPs <br /> Adoption of the School Capital Funding Policy(Page 168)&Major Project Planning Addendum <br /> (Page 172). <br /> - School CIP has been reorganized into three sections(Major Projects,High Priority Needs,Other Capital Uses) <br /> - All parties have also signed CORE Team Interlocal Agreement,which will provide updates to Board on construction <br /> progress. <br /> Inclusion of Major Project plans by both school districts, with county staff assisted sequencing. <br /> Phasing in of Pay-Go funds to assist Major Project funding -$3.5 M in FY 27, $6.5 M in FY 28, <br /> full $10 M in FY 29. Slight inflation to$94.8 M over 10-year plan. <br /> ORANGE COUNTY <br /> 2 NORTH CAROLINA <br /> Kirk Vaughn described the CIP as organized into three sections: major projects (new builds), high <br /> priority needs for existing facilities, and other capital uses (less restricted funding). He noted that in <br />