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<br /> RENAISSANCE PLANNING
<br /> GoTriangle Financial Model Revenues Used
<br /> Local Revenue(Not Project Specific)($000)
<br /> 112 Cent Sales Tax 8,532,844 7,402,100 8,532,8441 8,W8,112 9.204.9501 9,530,0081 9,819,265 10,092,012 10,452,461 10,871,747 11,307,834 11,745,697 12,176,4961 12,621,721 13,106,314 13,664308 14,27?6101 14,910,045 15,576,387 16,275,734
<br /> $3 Increase Regional Regi.h.f—Fee 350,958 33],000 350,958 356,222 361,566 366,989 3]2,494 378.081 383,753 389,509 395,352 401,282 407,301 413,411 419,612 425,906 432,295 438,779 445,361 452,041
<br /> $7C...ty Vehicle Regi—d-Fee 818,8951 7%,800 818,8951 831,178 843,64fi 856,301 869,145 882,182 895,415 908,8461 922,479 936,316 950,361 964,616 979,086 993,P2 1,008,6791 1,023,809 1,039,1661 1,054,7531
<br /> RentalCarTax(Orange County Nlocatetl) 481,695 432,400 481,895 493,737 506,081 518,733 531,701 544,994 558,819 5]2,584 588,899 601,571 616,610 632,026 647,828 664,022 680,6221 897,838 715,079 732,956
<br /> Total T—ft Tax Revenue $ 10,184,392 $ 8,958,300 $ 10,184392 $ 10,569,790 $ 10,916,243 $ 11,272,031 $ 11,592,605 $ 11,897,270 $ 12,290,247 $ 12,742,686 $ 13,212,564 $ 13,684,867 1 14,150,769 $ 14,631,774 $ 15,152,838 $ 15,748,007 1 16,394,205 $ 17,070,271 $ 17,T75,993 $ 18,515.484
<br /> Sale.Tax&—b Rate(hbotly B...H.FY24-FY50) FY21 Mt..1 FM MApt Plen h hFY2l Pctual 4.17% 3.56% 3.53% 3.04% 2.78% 3.57% 4.01% 401% 387% 3.67% 3.66% 3.84% 4.26% 4.45% 447% 4.47% 4.49%
<br /> $3 Car Reg.t .n FY21 Mctual FM Mopterl Pim FAatch FY2l MWel 1.50% 1.50% 1.50% 1.50% 1.50% 1.M% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50°0 1.50%
<br /> $7 Car Registration FY21 Mtual FM Mopt.d Plan W.h FY2l MWal 1.50% 150% 1.50% 1.60% 1.50% 1.50°h 1.50% 1.50% 1.50°h 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50%
<br /> RenWi Car Tax FY21 PcWal FY22 M,ta Plan Wtch FY21 Mctuel 2.50% 2.50% 2.50% 2.50% 2,50% 250% 2,50% 2,50% 2,50% 2.50% 2,50% 2,50% 2.50% 2.50% 2.50% 2,50% 2.50%
<br /> Additional information on financial projects provided by Saundra Freeman(GoTriangle)on 1/5122:
<br /> "The attached[table]is what 1 plan on using for the FY23 Orange County Transit Work Plan model.
<br /> • FY21—Actuals
<br /> • FY22—What was adopted on the Transit Work Plan
<br /> • FY23—Matched FY21 Actuals
<br /> FY24-FY50—Moody's Baseline
<br /> FY23 methodology is similar to what I have done for Wake and Durham.The thought process is that FY21 was higher than anticipated but it can be due to the stimulus/enhanced benefits or just rebounding from a rough FY20.FY23 actuals
<br /> matching can be conservative as inflationary prices will add to the sales tax%+the region in general is still adding people."
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