Orange County NC Website
Browse       Search
16 <br /> 1 The Draft Environmental Impact Statement on the Project shows a cost range between <br /> 2 $1.4 billion and $1.6 billion. The Orange voter-approved one-half cent sales tax will help fund <br /> 3 the 25% local share of the D-O LRT Project. <br /> 4 <br /> 5 John Tallmadge said it is hoped that the state cap, which was put on last year, will be <br /> 6 removed at some point. <br /> 7 <br /> 8 Financials <br /> 9 John Tallmadge said they are running slightly ahead of projections <br /> 10 The FY15 revenues and expenses for the Orange Bus and Rail Investment Plan are shown <br /> 11 below. The revenues to fund the Transit Plan include a voter-approved one-half cent sales tax, <br /> 12 a seven-dollar county vehicle registration fee, a three-dollar regional registration fee and a <br /> 13 portion of the five percent regional vehicle rental tax. Expenditures include light rail project <br /> 14 development, bus services and administration. <br /> 15 <br /> 16 FY 2015 Revenues*** FY 2015** <br /> 17 Orange voter-approved one-half cent sales tax: $ 6,189,162 <br /> 18 $7 vehicle registration fee: $ 760,711 <br /> 19 $3 vehicle registration fee: $ 238,368 <br /> 20 5% vehicle rental tax: $ 501,185 <br /> 21 Total $ 7,689,426 <br /> 22 <br /> 23 FY2015 Expenses FY 2015** <br /> 24 Light Rail Development $ 3,322,213 <br /> 25 Bus Services* $ 1,379,291 <br /> 26 Administration $ 46,657 <br /> 27 Total $ 4,748,161 <br /> 28 <br /> 29 John Tallmadge said the FY15 ending reserves total $9,171,186; (FY14 $6,125,406; <br /> 30 FY13 $1,112,228). He said the reserves will be used for services and capital projects. <br /> 31 <br /> 32 Next Steps <br /> 33 The following services will be implemented in the upcoming fiscal year (FY16: July <br /> 34 2015-June 2016): <br /> 35 • In August 2015, Orange County through Orange Public Transportation will <br /> 36 implement an increase in the midday service frequency of the Hillsborough-Chapel Hill <br /> 37 Shuttle and extended the route to Cedar Grove, north of Hillsborough. <br /> 38 • Orange County through Orange Public Transportation will implement three new <br /> 39 services: <br /> 40 o Orange-Alamance Connector with midday service between Mebane <br /> 41 and Hillsborough <br /> 42 o Efland-Hillsborough Commuter Loop with peak period service between Efland <br /> 43 and Hillsborough <br /> 44 o Zoned deviated fixed routes serving three rural county areas midday, two days <br /> 45 per week per zone <br /> 46 • Chapel Hill Transit will expand service during peak periods and evenings on the HS <br /> 47 route <br /> 48 • Any new potential services for Chapel Hill Transit will be identified as part of annual <br /> 49 budget development in coordination with Chapel Hill Transit's Public Transit Committee <br />