Orange County NC Website
Browse       Search
r <br /> 1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> Action Agenda <br /> ACTION AGENDA ITEM ABSTRACT Item No <br /> Meeting Date: September 3, 1991 <br /> SUBJECT: Triangle Transit Authority Vehicle Tax <br /> ------------------------------- <br /> DEPARTMENT County Manager PUBLIC HEARING YES NO X <br /> ------------------------------- <br /> ATTACHMENT(S) INFORMATION CONTACT <br /> Triangle Transit Authority Letter Rod Visser, ext 2300 <br /> Proposed Resolution TELEPHONE NUMBER <br /> House Bill 80 Hillsborough 732-8181 <br /> Vehicle Tax Implementation Schedule Chapel Hill 968-4501 <br /> Triangle Transit Budget Memo Mebane 227-2031 <br /> Triangle Transit Public Hearing Minutes Durham 688-7331 <br /> PURPOSE: To consider adopting a resolution approving the levying of a <br /> $5 tax per vehicle with proceeds supporting the Triangle Transit <br /> Authority. <br /> BACKGROUND: During the 1991 Session, the General Assembly ratified <br /> House Bill 80, which authorized the Triangle Transit Authority to levy <br /> a vehicle registration tax of up to $5 per vehicle. The provisions of <br /> the legislation require that the Boards of Commissioners of Orange, <br /> Wake, and Durham Counties approve a certain tax rate before the <br /> Triangle Transit Authority can legally impose the tax. The proposed <br /> resolution would secure Orange County's required approval for a $5 tax. <br /> The letter from the Triangle Transit Authority requesting the $5 tax <br /> rate also outlines the Authority's request for $100, 000 in additional <br /> contributions from local governments within the jurisdiction of the <br /> authority.- These funds are needed, along with DOT grant funds and <br /> operating revenues, to support the Authority's 1991-92 budget. Because <br /> of anticipated lags that would delay receipt of revenues from the <br /> proposed $5 tax until the end of FY 1991-92, the Authority believes <br /> that it would need the funding from local governments to finance its <br /> operations this year. The Orange County share of this funding is <br /> proposed at $13,500. No action on this aspect of the Authority's <br /> request is proposed at this time. However, an agenda item in the near <br /> future will address the Authority's request for additional funding. <br /> RECOMMENDATION(S) : The Manager recommends that the Board adopt the <br /> attached resolution approving the levying of a $5 vehicle registration <br /> tax. <br />