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121st Maine Legislature |
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Office of Fiscal and Program Review |
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LD 1375 |
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An Act
to Delay the Fiscal Sustainability of the Highway Fund |
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LR 1882(01) |
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Fiscal Note for Original Bill |
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Sponsor: Rep. Usher of Westbrook |
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Committee: Transportation |
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Fiscal Note Required: Yes |
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Fiscal Note |
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Projections |
Projections |
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2003-04 |
2004-05 |
2005-06 |
2006-07 |
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Net Cost
(Savings) |
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General Fund |
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$16,900 |
$21,400 |
$53,430 |
$58,549 |
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Highway Fund |
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$22,136,483 |
$27,805,540 |
$28,611,584 |
$29,794,146 |
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Revenue |
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General Fund |
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($16,900) |
($21,400) |
($53,430) |
($58,549) |
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Highway Fund |
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($22,136,483) |
($27,805,540) |
($28,611,584) |
($29,794,146) |
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Other Special Revenue Funds |
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$0 |
$0 |
($546,098) |
($564,645) |
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Fiscal Detail
and Notes |
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Highway Fund - Gas Tax |
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($17,633,405) |
($21,921,875) |
($22,507,017) |
($23,271,427) |
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Highway Fund - Special Fuel Tax |
($4,503,078) |
($5,883,665) |
($6,104,567) |
($6,522,719) |
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Delaying
the annual indexing of motor fuel taxes will result in a loss of Highway Fund
revenue of $22,136,483 in fiscal year 2003-04 and $27,805,540 in fiscal year
2004-05 and a loss of General Fund revenue of $16,900 and $21,400 in those
same fiscal years. |
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