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2 <br /> FINANCIAL IMPACT: Approval of these release/refund requests will result in a total reduction <br /> of $8,522.95 to Orange County, the towns, and school and fire districts. Financial impact year to <br /> date for FY 2012-2013 is $65,181.28. <br /> Of the $8,522.95, over half ($4,666.32) is due to the aforementioned license plate regulations <br /> change at the State level. This revenue was not expected, and the release of this amount has <br /> no impact. Therefore, the net reduction to Orange County, the towns, and school and fire <br /> districts would be $3,856.63. <br /> RECOMMENDATION(S): The Manager recommends that the Board: <br /> • Accept the report reflecting the motor vehicle property tax releases/refunds requested in <br /> accordance with the NCGS; and <br /> • Approve the attached refund resolution. <br />