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21 <br />C. $3 Vehicle Registration Fee Increase for Triangle Transit in Orange County <br />A three dollar ($3) vehicle registration fee increase in Orange County means that when an <br />individual registers a new vehicle or renews the registration for an existing vehicle in Orange <br />County, an additional $3 per year is added to the cost above the other required registration <br />fees for that vehicle. An existing $5 fee for vehicle registration supports activities of Triangle <br />Transit, including bus operations and long-term planning. This fee would be increased to $8 <br />when the $3 increase is implemented. <br />The three dollar fee in Orange County is projected to generate $250,000 in 2012. Over the <br />life of the plan to 2035, the three dollar fee is expected to generate $9.7 million in Year-Of- <br />Expenditure (YOE) dollars. <br />D. Revenue from Triangle Transit's Rental Car Tax <br />Triangle Transit operations are partially funded by a five percent (5%) tax on car rentals in <br />Wake, Durham, and Orange Counties. Under existing policy adopted by the TTA Board, 50% <br />of the rental car tax revenues are dedicated to advancing long-range bus and rail transit. <br />Since a significant portion of all cars rented and driven in the three counties are rented at <br />RDU International Airport, it is difficult to determine which rentals are driven primarily in one <br />county or another. Therefore, the 50% rental revenues dedicated to long-term transit were <br />allocated by county according to the percentage of population in the Triangle Region, which <br />is: Wake (68%); Durham (21.5%); Orange (10.5%). <br />The Triangle Transit rental car tax proceeds directed to project development in Orange <br />County are estimated to be $560,000 in 2012. Over the life of the plan to 2035, the rental car <br />tax is expected to generate $21.3 million in Year-Of-Expenditure (YOE) dollars for Orange <br />County. <br />E. NC State Government Funding <br />The plan includes a 25% capital cost contribution by the NC Department of Transportation <br />(NCDOT) for both light rail and commuter rail projects in Orange County. This level of <br />participation was established by the State in the Charlotte Blue Line light rail project in 2003. <br />The plan assumes that NCDOT also pays for 10% of bus capital costs (replacement buses, new <br />buses, park and ride lots, etc) consistent with its current practices. <br />F. Federal Government Funding <br />The plan assumes that the Federal Government contributes SO% of the capital cost for the <br />light rail project in Orange County. This was the federal level of participation in the Charlotte <br />Blue Line light rail project and is consistent with federal funding outcomes for most rail <br />projects in the Federal Transit Administration's New Starts program in recent years. <br />5/8/2012 - Page ~ 19 <br />