​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.) 

Estimated Yearly Cost of the 1/2-Cent Transit Tax* by Household​
​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
  

 

​Estimated Yearly Revenues by Source
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.

 

Vehicle Registration Fees by Jurisdiction*​ ​
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 ​