Orange County NC Website
19 <br /> fi.3,rNEs Sxa'g <br /> 111{f ltl{E ��=-may <br /> trvNn <br /> Durham <br /> Wake forest <br /> ChapelHitlM x <br /> Regional Integration of 41 <br /> Orange, Durham, 1 Wake Transit Plan 'V <br /> Cary t - <br /> r <br /> a eflaW9 <br /> Y` <br /> V. ORANGE COUNTY REVENUES <br /> A variety of revenue sources provide the funding for the Orange County Bus and Rail <br /> Investment Plan. Those revenues include: <br /> • A new one-half-cent sales tax in Orange County <br /> • A new$7 vehicle registration fee levied by Orange County <br /> • An increase of$3 to the existing$5 vehicle registration fee currently levied by Triangle <br /> Transit in Orange County <br /> • Revenue from Triangle Transit's rental car tax <br /> • NC State Government contributions <br /> • Federal Government contributions <br /> In addition, local funding of current transit services will remain in place. <br /> The initial proceeds for each local revenue stream for Orange County in 2012 for transit are <br /> assumed to be: <br /> • Y-cent sales tax: $5.1 million <br /> • $7 vehicle registration fee: $770,000 <br /> • $3 vehicle registration fee increase: $330,000 <br /> 5/8/2012-Page 1 17 <br />