Orange County NC Website
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CAMPO-TAC to discuss this and thus they wanted the elected officials to know about this <br /> before this meeting. <br /> Steve Spade made a PowerPoint presentation. <br /> Orange County Transit Plan <br /> Assembly of Governments Meeting <br /> March 25, 2010 <br /> Today's Agenda <br /> •Describe efforts to develop the Orange County Transit Plan <br /> —Purpose <br /> —Goals <br /> —Assumptions <br /> Planning Efforts in the Triangle <br /> •Regional plan <br /> —By Triangle Transit in cooperation with local staff. <br /> —Identifies costs to build and operate light rail and expanded local bus service in triangle <br /> —Regional financial model identifies funds available for construction and operation of light rail <br /> and local bus service <br /> •County plans <br /> —Meant to identify local bus service improvements within funding limitations <br /> Revenue Assumptions for Orange County <br /> •Revenue - <br /> —'/2 cent sales tax <br /> •$5.3 million in 2010 <br /> •1.9 to 2.1% growth thru 2015 <br /> •2.5% growth after 2015 <br /> —$10 vehicle registration fee <br /> •$1 million in 2010 <br /> •3.5% growth <br /> —TTA - $460,000 annual contribution from regional car rental tax <br /> —Local support of new services <br /> —Farebox revenue—3.5% recovery <br /> —Will borrow $87 million <br /> Purpose - Orange County Transit Plan <br /> —Develop a bus service improvement plan that: <br /> •Supports long term stable transit funding and advances public transit in the Triangle <br /> •Supports light rail in the Triangle <br /> •Fits the regional financial model <br /> •Facilitates policy level discussion of transit <br /> Goals - Orange County Transit Plan <br /> •Support ongoing transit operations <br /> •Provide an alternative to property tax <br /> •Introduce new services <br />