FY 27 Proposed 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 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 24 Audited FY 25 Audited FY 26 Approved Budget

FY 27 Proposed Budget

Principal Payment County Bond

$415,000 $415,000

$430,000 $430,000

$0 $0

$0 $0

PRINCIPAL PAYMENT TOTAL

Interest Payments County Bond

$417,700 $417,700 $832,700

$400,800 $400,800 $830,800

$833,200 $833,200 $833,200

$830,000 $830,000 $830,000

INTEREST PAYMENTS TOTAL

TOTAL

644