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o Homestead Aquatics Center, Southern Community Park <br /> Cost of Repaying School and County Related Debt <br /> - General Fund debt service in FY 2008-09 totals $26.1 million <br /> o 75% of total repays school related debt and 25% repays county related debt <br /> o Equivalent of 20.5 cents on tax rate <br /> o Includes $5 million for repayment of 2001 voter approved bonds <br /> • Equivalent of 3.9 cents on 2008-09 Tax Rate <br /> - Funding level for FY 2008-09 is $2 million more than current fiscal year or the equivalent <br /> of 1.6 cents on tax rate <br /> o $1.2 million for school-related projects <br /> o $800,000 for county related projects <br /> Additional Major Budget Elements <br /> .Full year of operations for Orange County Campus of Durham Technical Community College <br /> .Eleven new County facilities coming on line next fiscal year <br /> .Need for certain facilities such as Animal Services Facility and new space for Department of <br /> Social Services created by circumstances beyond County's control <br /> .Examples include parks, County Campus and Library, Animal Services Facility, and Justice <br /> Facility <br /> .Costs to staff and operate these new facilities $3 million next fiscal year <br /> .Addressing health, safety and well-being for growing populations <br /> .Transitioning long-term temporary employees to permanent status with benefits <br /> Public Hearings and Work Sessions (All Meetings Begin at 7:30 p.m.) <br /> Public Hearings— May 27th at F. Gordon Battle Courtroom, Hillsborough <br /> May 29th at Southern Human Services Center, Homestead Road, Chapel <br /> Hill <br /> Work Sessions - June 5th at Government Services Center, Cameron Street, Hillsborough <br /> June 12th at Southern Human Services Center, Homestead Road, Chapel <br /> Hill <br /> Work Session/Adoption—June 17th at Southern Human Services Center, Homestead Road, <br /> Chapel Hill <br /> Final Adoption —June 24th at Southern Human Services Center, Homestead Road, Chapel Hill <br /> Work Sessions Offer Opportunities for Commissioners to Discuss Recommended <br /> Budget <br /> .June 5 <br /> .County Manager and staff to present recommendations to possibly reduce <br /> recommended tax rate increase <br />