Orange County NC Website
Browse       Search
Orange County Transit Flan Finances <br />Revenue Assumptions <br />-` /2 - cent sales tax in Orange County — Approx. $5M/year <br />(annual growth rate approx. 2.0% to 2015, 2.5% beyond) <br />-$10 additional vehicle registration fee in Orange County - $1.1 M/year <br />- $460,000 /year Triangle Transit Major Transit Investment Fund (car <br />rental dollars) <br />-Orange County and Local Government Contributions (assumption 4): <br />-Year 1 = Base $3.3M + $0 <br />-Year 2 = Base $3.3M + estimated $560,000 <br />-Year 3 and beyond =Base $3.3M + estimated. $1.12M <br />-$87M in borrowing <br />-State and Federal contributions assumed <br />Orange County Transit Flan <br />Finances: Expenditures 2035 <br />- Light Rail Construction UNC — Leigh Village; 4.6 miles <br />($347M) (assumption 1) <br />-Bus Operations and Maintenance ($132M) <br />- Debt Service ($87M) <br />-Rail Operations and Maintenance ($61M) <br />- Enhances MLK BRT Bus Facilities Construction ($27M) <br />- Eleven new buses purchased and their replacement every <br />12 years ($12M) ,&_ <br />C <br />