Agenda - 12-11-2012 - 6a - Laserfiche WebLink

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2 This Interlocal Implementation Agreement among Orange County, Triangle Transit, and the DCHC MPO was last approved by all parties on October 24, 2012. The Orange County Bus and Rail Investment Plan provides the method and procedures whereby additional busservice, bus rapid transit, light rail service and other public transit investments including, but not limited to, an Amtrak station in Hillsborough may be provided in Orange County. In addition to state and federal funding, the Plan designates as funding for these new and expanded services the vehicle registration taxes authorized by North Carolina General Statute (NCGS) 105-570 ($7), NCGS 105-561 ($3), and NCGS 105, Article 43 (1/2 cent). ½ CENT TRANSIT TAX Approving the resolution regarding the ½ cent transit tax will allow TTA to levy the tax pursuant to its statutory authority. This resolution is necessary because TTA previously entered into a “Do Not Levy” agreement with Orange County in which TTA agreed not to levy the tax until requested to do so via a resolution by Orange County. $7 NEW VEHICLE REGISTRATION TAX The $7 vehicle registration tax is a new tax to be levied countywide in Orange County pursuant to the authority granted in NCGS 105-570. $3 ADDITIONAL TTA VEHICLE REGISTRATION TAX TTA currently levies a $5 vehicle registration tax in Orange County pursuant to the authority granted in NCGS 105-561. The vehicle $3 vehicle registration tax is simply an expansion of this tax to the maximum amount authorized by the statute. Pursuant to theOrange CountyBus and Rail Investment Plan(OCBRIP) Interlocal ImplementationAgreement (IIA) between TTA, Orange County, and the Durham-Chapel Hill- Carrboro Metropolitan Planning Organization, approximately 64% Chapel Hill Transit (CHT), 24% TTA, and 12% Orange Public Transportation (OPT) from all combined funding sourcescan be usedfor bus services. Approximately 90% of the revenues generated by the $7 vehicle registration tax will be distributed to Chapel Hill for use by Chapel HillTransitsystem which also includes Carrboro and UNC. Approximately 10% will be distributed to Orange County for use by Orange Public Transportation. This $7 registration distribution formula will be analyzed as noted in section 7 of the ImplementationAgreement. The “Shares” are being developed using the most recent budget operating service statistics. As noted previously, the “Share” percentage allocation can be examined each year. $7 TAX DISTRIBUTION METHOD Distribution of revenue from the $7 Orange County vehicle registration tax is outlined in NCGS Article 52 §105-570 – “Any tax levied under this Article shall, after receipt of those funds from the Division of Motor Vehicles, be retained or distributed by the countyon a per capita basis as it receives those funds…” or as determined by the BOCC as noted in the statute.