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69 <br /> Orange County Transit Plan April 25, 2017 <br /> Table 4.8-1. Financial Plan Key Assumptions <br /> Sales tax compound annual growth rate—Durham County/Orange County 4.33%/3.71% <br /> Inflation rate—capital cost/operating cost 3.1%/3.1% <br /> Bus operating cost per hour(2018 dollars) <br /> Chapel Hill Transit/GoTriangle/Orange Public Transportation $113/$120/$68 <br /> Tax District Revenue share of bus operating costs <br /> Chapel Hill Transit/GoTriangle/Orange Public Transportation 90%/75%/90% <br /> Allocation of funding for bus operations according to the Interlocal Agreement <br /> Chapel Hill Transit/GoTriangle/Orange Public Transportation 64%/24%/ 12% <br /> LRT cost share(Durham/Orange/Other) <br /> Local/Other share of capital cost after in-kind right-of-way donations and <br /> joint development grants 81.5%/ 16.5% 2.0% <br /> / <br /> Shared borrowings 81.5%/ 18.5%/0.0% <br /> Operating cost Through FY 2036: 80.0% 20.0% 0.0% <br /> After FY 2036: 81.0%/ 19.0%/0.0% <br /> State of Good Repair costs Through FY 2036: 80.0%/20.0%/0.0% <br /> After FY 2036: 81.0%/ 19.0%/0.0% <br /> LRT construction period FY 2020 through FY 2028 <br /> LRT state funding share 10% <br /> LRT federal New Starts funding share 50% <br /> Annual disbursement cap for LRT federal funding share $100 M YOE <br /> Target minimum net debt service coverage ratio <br /> 1.15x <br /> [(Revenues—Operating Expenditures)/Debt Service] <br /> Final Page 45 of 65 <br />