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25 <br /> of the plan,the revenue streams may not be active until April 1St instead of January 1St. The <br /> figures in Appendix G: Revenue reflect the partial first-year levy of both a%z-cent sales tax and <br /> a$10 vehicle registration fee increase. Over the life of the plan to 2035,the sales tax is <br /> expected to generate approximately$163 million in Year-Of-Expenditure(YOE)dollars. This <br /> tax can only be levied subsequent to a referendum by the Orange Board of County <br /> Commissioners and approval by the voters. <br /> Revenue from the%z-cent sales tax identified in the Bus and Rail Investment Plan for Orange <br /> County can be used for financing,constructing,operating and maintain local public <br /> transportation systems. The funds can be used to supplement but not supplant or replace <br /> existing funds or resources for public transit systems. <br /> B. $7 Vehicle Registration Fee in Orange County <br /> A seven dollar($7)vehicle registration fee in Orange County means that when an individual <br /> registers a new vehicle or renews the registration for an existing vehicle in Orange County,an <br /> additional $7 per year is added to the cost above the other required registration fees for that <br /> vehicle. <br /> The seven dollar fee in Orange County is expected to bring in$788,000 in 2013 if <br /> implemented for a full year. Discussions with the NC Dept of Revenue indicate that in the first <br /> year of the plan,the revenue streams may not be active until April 1St instead of January 1St. <br /> The figures in Appendix G:Revenue reflect the partial first-year levy of both a%z-cent sales tax <br /> and a$10 vehicle registration fee increase. Over the life of the plan to 2035,the seven dollar <br /> fee is expected to generate$22.5 million in Year-Of-Expenditure(YOE)dollars. The <br /> implementation agreementwill articulate how this revenue can be utilized. <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($3)fee in Orange County is projected to generate$338,000 in 2013 if <br /> implemented for a full year. Discussions with the NC Dept of Revenue indicate that in the first <br /> year of the plan,the revenue streams may not be active until April 1St instead of January 1St. <br /> The figures in Appendix G: Revenue reflect the partial first-year levy of both a%z-cent sales tax <br /> and a$10 vehicle registration fee increase. Over the life of the plan to 2035,the three dollar <br /> ($3)fee is expected to generate$9.7 million in Year-of-Expenditure(YOE)dollars.The <br /> implementation agreementwill articulate how this revenue can be utilized. <br /> D. Revenue from Triangle Transit's Rental CarTax <br /> ":b/:3�/�G���-Page � 23 <br />