FY 26 Approved Operating Budget

DEBT SERVICE

Tax Increment Financing : 661310 Principle , 662310 Interest

ORIGIN & PURPOSE :

This account is a special fund for deposit of a certain portion of the real property tax collected in a development district and used to fi nance or reimburse the cost of special obligation bonds for certain public improvements relating to the district without constituting a general obligation of the County .

Tax Increment Financing by Type

Debt Service TIF by Type

FY 23 Audited

FY 24 Audited

FY 25 Approved Budget

FY 26 Approved Budget

Principal Payment

County Bond

$405,000

$415,000

$0

$0

$405,000

$415,000

$0

$0

PRINCIPAL PAYMENT TOTAL

Interest Payments

County Bond

$432,075

$417,700

$830,800

$833,200

$432,075

$417,700

$830,800

$833,200

INTEREST PAYMENTS TOTAL

$837,075

$832,700

$830,800

$833,200

TOTAL

660