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i <br /> • A one half-cent sales tax in Orange County is estimated to generate$5.1 million in 2012. Over <br /> the life of the plan to 2035,the sales tax is expected to generate$180 million in Year-Of- <br /> Expenditure (YOE)dollars. All of which is subject to authorization of a referendum by the <br /> Orange Board of County Commissioners and approval by the voters. <br /> B. $7 Vehicle Registration Fee in Orange County <br /> A seven dollar($7)vehicle registration fee in Orange County means that when an individual <br /> registers a new vehicle or renews the registration for an existing vehicle in Orange County, an <br /> additional $7 per year is added to the cost above the other required registration fees for that <br /> vehicle. <br /> The seven dollar fee in Orange County is expected to bring in$770,000 in 2012. Over the life <br /> of the plan to 2035,the seven dollar fee is expected to generate$23.8 million in Year-Of- <br /> Expenditure (YOE)dollars. <br /> C. $3 Vehicle Registration Fee Increase in.Orange County <br /> A three dollar($3)vehicle registration fee increase in Orange County means that when an <br /> individual registers a new vehicle or renews the registration for an existing vehicle in Orange <br /> County,an additional $3 per year is added to the cost above the other required registration <br /> fees for that vehicle.An existing$5 fee for vehicle registration supports activities of Triangle <br /> • Transit, including bus operations and long-term planning.This fee would increase to$8 after <br /> the$3 increase is implemented. <br /> The three dollar fee in Orange County is projected to generate$330,000 in 2012. Over the <br /> life of the plan to 2035,the three dollar fee is expected to generate$10.2 million in Year-Of- <br /> Expenditure (YOE)dollars. <br /> D. Revenue from Triangle Transit's Rental Car Tax <br /> Triangle Transit operations are partially funded by a five percent(5%)tax on car rentals in <br /> Wake, Durham,and Orange Counties. Under existing policy adopted by the TTA Board, 50% <br /> of the rental car tax revenues are dedicated to advancing long-range bus and rail transit. <br /> Since a significant portion of all cars rented and driven in the three counties are rented at <br /> RDU International Airport, it is difficult to determine which rentals are driven primarily in one <br /> county or another. Therefore, the 50%rental revenues dedicated to long-term transit were <br /> allocated by county according to the percentage of population in the Triangle Region,which <br /> is: Wake (68%); Durham (21.5%); Orange (10.5%). <br /> The Triangle Transit rental car tax proceeds directed to Orange County are estimated to be <br /> $560,000 in 2012. Over the life of the plan to 2035,the rental car tax is expected to generate <br /> $24 million in Year-Of-Expenditure (YOE)dollars for Orange County. <br /> • <br /> 5/26/2011-Page 112 <br />