The revenue sources would include:
A half-cent sales tax, which must be placed on the ballot by the Board of Commissioners. If approved by voters, the sales tax would generate an estimated $56 million to $60 million annually in the early years of the plan. (The sales tax does not apply to food, medicine, utilities and housing.)
| Yearly Household Income |
Estimated Extra Sales Tax Paid** |
| $25,000 |
$30 |
| $50,000 |
$60 |
| $61,426*** |
$74 |
| $75,000 |
$94 |
| $100,000 |
$125 |
| $150,000 |
$188 |
| $200,000 |
$240 |
| $250,000 |
$300 |
| * The Transit Sales Tax is not collected on food, health care (medicine), mortgage payments/rent, or utilities. |
| ** Estimates of Sales Tax Paid are based on consumer spending survey averages for households. |
| *** Wake County Median Family Income, 2010 |
| Tax Source |
Estimated Yearly Revenue1 |
| 1/2-Cent Wake County Transit Sales Tax2 |
$53,400,000 |
| $7 Wake County Vehicle Registration Fee for Transit3 |
$5,200,000 |
| $8 Regional Vehicle Registration Fee for Transit (Wake Portion)4 |
$5,900,000 |
| 5-Percent Regional Transit Sales Tax on Rental Vehicles (Wake Portion)5 |
$8,000,000 |
| 1 Estimated Revenues are based on 2011 numbers. Revenues are expected to increase with population and economic growth. |
| 2 This must be approved by Wake County voters in a referendum. |
| 3 This must be authorized by the Wake County Board of Commissioners. |
| 4 $5 of this fee has been in place for many years. This figure shows the total of the existing fee with the proposed $3 increase; the increase must be authorized by Triangle Transit. |
| 5 This tax is already in place and no rate changes are proposed. |
Vehicle registration fees would increase by $10 per car if the Wake County Board of Commissioners approves a new $7 fee for vehicles and the Triangle Transit Board of Trustees approves a $3 increase in existing fees.
| Jurisdiction |
Current Municipal Fees ($) |
Proposed Fees ($) |
| Apex |
10 |
20 |
| Cary |
20 |
30 |
| Fuquay-Varina |
10 |
20 |
| Garner |
20 |
30 |
| Holly Springs |
15 |
25 |
| Knightdale |
20 |
30 |
| Morrisville |
15 |
25 |
| Raleigh |
35 |
45 |
| Rolesville |
15 |
25 |
| Wake Forest |
10 |
20 |
| Wendell |
10 |
20 |
| Zebulon |
10 |
20 |
| Unincorporated |
5 |
15 |
| *Assumes no increase in municipal fees |