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3 <br /> Slide#2 <br /> Capital Investment Plan Scenarios <br /> Updated Debt Model <br /> Bedford Whitted HVAC Amendment <br /> Fowler Pay-Go Amendment <br /> Option 1 -Delays to Reduce Taxes in FY 2029 <br /> Option 2-Delays to Reduce Total CIP Tax Rate <br /> All Amendments to date <br /> ORANGE COUNTY <br /> 2 NORTH CAROLINA <br /> Kirk Vaughn said staff updated the debt model since the original CIP submission, reconciling it <br /> with the recommended budget, which carried slightly higher figures and correspondingly improved debt- <br /> to-revenue metrics. He confirmed that the costs associated with the 2700 Homestead Road project had <br /> been removed from the model. He said the table for each scenario includes all debt costs, Pay-Go costs, <br /> and general fund revenue ratios across several scenarios. Kirk Vaughn noted that while the full 10-year <br /> impact will be shown, the Board's stated goal of delaying rather than eliminating projects made it most <br /> useful to focus on the first four years of the model. <br /> Slide#3 <br /> Capital Investment Plan <br /> Updated Baseline Debt Model <br /> Year <br /> DS to GF Debt Tax Rate Pay-Go Tax <br /> Revenues Equivalent Rate Equivalent <br /> — Reflects Size of Recommended Operating <br /> Budget to determine General Fund Revenues 2027 12.50% 2.0U 0.89t <br /> 028 13.28% 1.02$ 0.87¢ <br /> — Accounts for Staff Amendment to remove 2700 2029 16.79% 4.454 1.00t <br /> Homestead Road Project 2030 18.10% 1.624 <br /> 2031 17.88% - <br /> - Results in Total Debt plus Pay-Go Tax 2032 18.16% 0.064 <br /> Increases of 11.86 cents through FY2029-30 2033 19.23% 1.624 <br /> 2034 19.04% - <br /> 2035 18.18% <br /> 2036 17.28% <br /> otal Impact 10.784 2.76� <br /> ORANGE COUNTY <br /> 3 N"W"I CAROLINA <br /> Kirk Vaughn described the baseline scenario as reflecting approximately 11.86 cents in combined <br /> debt and pay-go impact, inclusive of the recommended budget's incremental tax increases. <br />