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2 <br /> FINANCIAL IMPACT: Approval of these release/refund requests will result in a net reduction of <br /> $9,486.72 to Orange County, the towns, and school and fire districts. Financial impact year to <br /> date for FY 2013-2014 is $67,574.41. <br /> Of the $9,486.72 net reduction, $3,459.19 is due to the aforementioned license plate <br /> regulations change at the State level. This revenue was not expected, and the release of this <br /> amount has no impact. Therefore, the net reduction to Orange County, the towns, and school <br /> and fire districts would be $6,027.53. <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 release/refund resolution. <br />