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7 <br /> for affordable housing. He clarified that this would not be a county-built project and would more likely be <br /> offered through the county's grant and land-offer processes. <br /> Commissioner McKee said using the property for that purpose would increase overall spending. <br /> Kirk Vaughn said that grants and other revenue sources could be leveraged for affordable housing. <br /> Commissioner McKee added that converting the property to affordable housing rather than selling <br /> it outright would effectively reduce county assets. <br /> Kirk Vaughn acknowledged there would be a loss of revenue potential if the Board chose to <br /> dedicate the land to affordable housing rather than conducting a fair market sale. He emphasized that this <br /> decision would be several years down the road and would be a separate Board discussion at that time. <br /> Commissioner Greene said that for years, the central need of nonprofit affordable housing <br /> developers has been access to land. She recalled that a couple of years ago, the county went through a <br /> process of inventorying all available county-owned land and offering it to nonprofits. She described the <br /> Revere Road property as well-situated and said that if the Board was going to remain true to its stated <br /> values on affordable housing, it would be an ideal use for that parcel. <br /> Chair Hamilton said the immediate task is focused on the next four years and how capital <br /> investment timing could be managed to smooth tax rate impacts. <br /> Commissioner Carter noted that while the discussion was largely focused on future years, some <br /> of the options before the Board would influence the current year's tax rate, depending on which scenario <br /> included Pay-Go adjustments for FY 2027. <br /> Kirk Vaughn confirmed that only the Pay-Go will impact the tax rate forthis year,not capital project <br /> timing decisions directly. <br /> Commissioner Bedford stated that if the Board intends to delay school projects,the school districts <br /> needed to know as soon as possible because those decisions would affect which schools they might close <br /> and their overall budget planning. She encouraged commissioners to make thoughtful decisions rather <br /> than simply deferring for three years, acknowledging that those decisions would be revisited each year. <br /> Chair Hamilton reminded the Board that if any Commissioner wished to submit a budget <br /> amendment,the deadline is 10:00 am tomorrow. <br /> Slide#8 <br /> Capital Investment Plan <br /> Option 2 <br /> Delay Projects throughout CIP Plan Year Rea to GF Debt Tax Rate Tax <br /> Revenues Equivalent Rateto Equivalent <br /> - impact on Debt to General Fund Revenue Ratio 2027 12.50% 2.01$ 0.894 <br /> 2028 13.28% 1.020 0.87t <br /> - impact on the Tax Rate Equivalent for Debt 2029 15.66% 3.2N 1.000 <br /> 2030 15.91% 0.18� <br /> - Impact on Tax Rate for the Pay-Go Phase-In included 2031 16.70% LON <br /> in the Manager's Recommended CIP 2032 15.98% <br /> 2033 17.01% - <br /> 203a 18.52% 2.12Q <br /> 2035 18.57% 0.401 <br /> 2036 17.73% - <br /> otal Impact 9.93� 2.764 <br /> B ORANGE <br /> COUNTY <br /> CA <br />