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<br />34 <br /> <br />One area of uncertainty in school financing is whether or not voters will <br />agree to borrow to finance classroom and other capital facility needs. <br />Preliminary analysis indicates that with energy development, mill levies <br />can be held at reasonable levels (or reduced in certain districts) even <br />with some use of debt fi nanci ng. The use of borrowi ng will not, in gen- <br />eral, place undue hardship on present residents. Generally, new energy- <br />related projects can be expected to bear the major burden.* <br /> <br />Counties. County capital requirements within the list of high priority <br />items are limited--representing less than one-fifth of the total estimated <br />need--tota1ing a maximum of $24.0 million. <br /> <br />In the cases of Moffat and Rio Blanco Counties, debt limits are more than <br />adequate to cover needed improvements. For these two counties, the ratios <br />of debt limit to capital needs are: <br /> <br /> Peak Year Millions of Doll ars Rati 0 of <br /> Population Capital Debt Debt Limit to <br /> Projections Needs Limit Capital Needs <br /> Low $2,2 $ 8. 1 3.7 <br /> Medium 4.9 8.2 1.7 <br /> High 8.7 14.6 1.7 <br />With the exclusion of these two counties, total county capital needs for <br />the three remaining counties are: <br /> <br />Peak Year <br />Population Projections <br /> <br />Low <br />Medi urn <br />Hi gh <br /> <br />Capital Needs <br />(millions) <br />$ 3.5 <br />8.6 <br />15.3 <br /> <br />A portion of this remalnlng need can undoubtedly be covered by debt financ- <br />ing. Another potential source is a county sales tax (or sales tax increase). <br />Moffat County imposes a two percent sales tax and Delta County presently <br />imposes a one percent tax. <br /> <br />*A possible exception is in Mesa County District 51. <br />