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58 <br /> 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 /> $ ORANGE COUNTY <br /> Kirk Vaughn observed that the current Pay-Go phase-in is just sufficient for the district bond <br /> plans with small margins. He explained that if the board chose to reduce or delay Pay-Go <br /> implementation, it would likely require returning to the school districts and asking for revised plans with <br /> a smaller budget. Alternatively, spreading projects out into the seven-to-ten-year window could lower <br /> near-term and cumulative tax rate increases but would reduce the amount of Pay-Go available for <br /> maintenance of remaining school buildings. <br /> 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 /> 7Ch.pelill High Roof Replacement $3.0 million <br /> Roof Replacement $1.2 million <br /> 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 on$7.4 M total project cost <br /> TOTAL $6.4 million <br /> 9 <br />