FUNDING MODEL
Summary of Local Funding Sources
The following chart summarizes the range of local funding sources considered and represents an application of the Funding Strategy , confirming the ability to generate the funding necessary for the local portion of the Transformational Mobility Network .
Application of the Recommended Funding Strategy | Example Funding Model
Increased Sales Tax
Dedicated Property Tax
Other Sources
Description
Geography : County Dedicated to new Revenue Bond financing
Geography : City of Charlotte Source for additional General Obligation Bond financing
Example : Vehicle Registration Tax
Authority / Approval
State Authority County Commission Approval Voter Referendum ( Tax )
City Council Approval ( Tax ) Voter Referendum ( Bonds )
State Authority City Council Approval
Rate Range
0.25 % to 1.0 %
1 ¢ to 4 ¢
New Funding Sources
Planned Capital Investment ( Transportation Bonds )
Per Year
$ 55 to $ 220 million
$ 14 to $ 57 million
30 Years
$ 1.6 to $ 6.6 billion
$ 420 million to $ 1.7 billion
Varies +/ - $ 10 million +/ - $ 300 million
$ 79 to $ 287 million
$ 2.3 to $ 8.6 billion
$ 50 million $ 1.5 billion
$ 3.8 to $ 10.1 billion
70 HOW | The Funding Strategy