Option 1 - $50M Reconfiguration                                         Option 2 - $50M Reconfiguration
                  (including West Main)                                                   (Removes West Main)
•   Significant Revenue Enhancements Needed                             •   Significant Revenue Enhancements Needed
      • $0.15 Tax Increase Equivalent in next budget                          • $0.13 Tax Increase Equivalent in next budget
            • $0.05 - $4.5M School Operational Increase                             • $0.05 - $4.5M School Operational Increase
            • $0.05 – Debt Service - $50M School Project                            • $0.05 – Debt Service - $50M School Project
            • $0.05 - additional Debt Service remaining CIP                         • $0.03 - additional Debt Service remaining CIP
•   Debt Service Doubles - $12M to $23M – in 6 years                    •   Debt Service Doubles - $12M to $22M – in 6 years
•   Bond Capacity is Exhausted                                          •   Bond Capacity is Stressed but Manageable at 9% Target
      • 2 years+ with no new projects                                   •   Debt Service Fund Balance Stressed but Manageable
•   Debt Service Fund Balance Exhausted

             Option 3 - $75M Reconfiguration                                        Option 4 - $75M Reconfiguration
                  (including West Main)                                         (Reallocates West Main to School Project)
•   Significant Revenue Enhancements Needed                             •   Significant Revenue Enhancements Needed
      • $0.18 Tax Increase Equivalent in next budget                          • $0.15 Tax Increase Equivalent in next budget
            • $0.05 - $4.5M School Operational Increase                             • $0.05 - $4.5M School Operational Increase
            • $0.08 – Debt Service - $75M School Project                            • $0.05 – Debt Service - $75M School Project
            • $0.05 - additional Debt Service remaining CIP                         • $0.05 - additional Debt Service remaining CIP
•   Debt Service Doubles - $12M to $23M – in 5 years                    •   Debt Service Doubles - $12M to $23M – in 6 years
•   Bond Capacity is EXCEEDED – FY 28                                   •   Bond Capacity is Exhausted
      • 4+ years with no new projects                                         • 2 years+ with no new projects
•   Debt Service Fund Balance Exhausted                                 •   Debt Service Fund Balance Exhausted
                                          budget@charlottesville.gov         Office of Budget and
                                       www.charlottesville.gov/budget        Performance Management
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