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Agenda - 05-15-2012 - 7c
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Agenda - 05-15-2012 - 7c
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Last modified
6/25/2015 9:43:08 AM
Creation date
5/11/2012 2:54:46 PM
Metadata
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BOCC
Date
5/15/2012
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
7c
Document Relationships
2012-447 Planning - Orange County, Durham County and TTA with executions by Durham and TTACost Sharing for LRT Rail Project
(Linked From)
Path:
\Board of County Commissioners\Contracts and Agreements\General Contracts and Agreements\2010's\2012
2012-448 Planning - Research Triangle Regional Public Transportation Authority, d /b /a Triangle Transit
(Linked From)
Path:
\Board of County Commissioners\Contracts and Agreements\General Contracts and Agreements\2010's\2012
Minutes 05-15-2012
(Linked From)
Path:
\Board of County Commissioners\Minutes - Approved\2010's\2012
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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 />
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