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Page 2 of 2 <br />Distribution <br />The tax must be distributed based on population. The County must use the most recent annual estimate of <br />population certified by the State Budget Officer. The current estimated population split is about 58% for <br />incorporated Orange County (Chapel Hill and Carrboro) and 42% -unincorporated (rural county and the <br />Town of Hillsborough). The County will need to develop a legal instrument such as anInter-local <br />Agreement to outline how the funds will be divided between eligible recipients. Estimated annual revenue <br />in 2012 dollars is $770,000 <br /> Incorporated <br />Orange Coun Unincorporated <br />Oran e County <br />Total <br />Po ulaton 58% 42% 100% <br />Tax Share $446,600 $323,400 770,000 <br />Impact on the Triangle Regional Transit Program <br />It is importation to note that the current financial model associated with the Triangle Regional Transit <br />Program (TRTP) includes the County $7 vehicle registration fee, as well as the TTA $3, and assumes that <br />the funds will be used to advance a rail project in the region as well as add additional bus service hours to <br />the County's bus system. The financial model will require an amendment if eligible recipients of the $7 <br />tax will decide to spend it on supporting current transit operations. <br />As noted earlier, the tax can be used to support existing service. That means the BOCC can decide to use <br />new funds to supplant all or part of the Orange Public Transportation (OPT) operating budget. OPT <br />annual budget is about $250,000. However, there is a variety of interlinking issues such as the ongoing <br />Countywide Seamless Public Transportation Study that is in progress with the North Carolina Department <br />of Transportation (NCDOT) and KFH consultant firm. How monies may eventually be appropriated for <br />countywide efficiency is under review and made more complex with the financial model of the TRTP that <br />also includes local and regional bus service that is currently under discussion with elected officials in <br />Orange County and University of North Carolina (UNC). <br />We can add this discussion on April 19 if the Board so decides. <br />9 <br />Attachment: Session Law 2009-527 <br />