The 2003 5 Year Capital Plan lists "Proceeds from Borrowing" as
one of the sources of funding. The following graphs show the estimated impact of
that borrowing on Tax Levies and Rates for the 2004 through 2008 Budget years.
Borrowing occurs in the same Budget year as the Capital expense. Payments start
in the following budget year.
In order to estimate the Tax impact of the borrowing several estimates are
needed. The actual impact will vary depending on the accuracy of the estimates.
Future borrowings are estimates at level debt service. Borrowing costs have not
been included.
Interest Rates - 4 1/2%
Term of Notes - 10 years
Growth in EAV - 5%
The following graphs shows the current County Debt obligations and the estimated impacts of additional annual borrowing.
