FY 26 Proposed Operating Budget Book

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 finance 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 Proposed Budget

Principal Payment County Bond

$405,000

$415,000

$0

$0

PRINCIPAL PAYMENT TOTAL

$405,000

$415,000

$0

$0

Interest Payments County Bond

$432,075

$417,700

$830,800

$833,200

INTEREST PAYMENTS TOTAL

$432,075 $837,075

$417,700 $832,700

$830,800 $830,800

$833,200 $833,200

TOTAL

576