| HIGHWAY FUND |
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| The Highway Fund is a fund established in
the Maine Constitution (Article IX, Section 19) and by statute (23 MRSA c.
19, |
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| sub-c. IV,
sections 1651-1653) for: |
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| a.
the maintenance, construction and reconstruction of Maine highways and
bridges; |
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| b.
administrative costs incurred in the construction and maintenance of
highways; and |
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| c.
expenses for state enforcement of traffic laws. |
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| The Highway Fund derives its revenue from
taxes on gasoline and diesel fuel, taxes on motor truck carriers, motor
vehicle |
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| license and
registration fees, revenues from over weight fines, and other miscellaneous
highway and |
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| transportation
sources. The following represents a breakdown of the budgeted revenue for the
Highway Fund |
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| for FY 2013-14
and FY 2014-15. Fuel taxes and motor vehicle license and registration fees
make up 95% |
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| of the
budgeted revenue for the 2014-2015 biennium. |
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| BUDGETED
REVENUE FOR FY 2013-14 AND FY 2014-15 |
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| % OF |
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| BIENNIAL |
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| TOTAL |
SOURCE |
2013-14 |
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2014-15 |
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| 61.52% |
GASOLINE TAX |
$190,780,000 |
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$189,910,000 |
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| 13.83% |
SPECIAL FUEL AND ROAD USE TAXES |
$42,980,000 |
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$42,610,000 |
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| -5.54% |
TRANSCAP TRANSFERS - FUEL TAXES |
($17,174,187) |
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($17,082,819) |
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| -1.54% |
OTHER FUND GASOLINE TAX DISTRIBUTIONS |
($4,770,836) |
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($4,749,080) |
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| 68.27% |
SUBTOTAL - FUEL
TAXES |
$211,814,977 |
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$210,688,101 |
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| 21.22% |
MOTOR VEHICLE REGISTRATION FEES |
$65,659,536 |
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$65,659,536 |
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| 1.08% |
LICENSE PLATE FEES |
$3,351,681 |
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$3,351,681 |
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| 3.03% |
LONG-TERM TRAILER REGISTRATION FEES |
$9,384,523 |
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$9,384,523 |
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| 4.20% |
TITLE FEES |
$12,843,660 |
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$13,129,254 |
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| 2.53% |
MOTOR VEHICLE OPERATOR LICENSE FEES |
$8,254,407 |
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$7,425,882 |
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| -4.99% |
TRANSCAP TRANSFERS - MOTOR VEHICLE FEES |
($15,398,687) |
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($15,483,404) |
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| 27.08% |
SUBTOTAL - MOTOR
VEHICLE REG. AND FEES |
$84,095,120 |
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$83,467,472 |
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| 0.96% |
MOTOR VEHICLE INSPECTION FEES |
$2,982,500 |
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$2,982,500 |
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| 0.42% |
OTHER HIGHWAY FUND TAXES AND FEES |
$1,298,729 |
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$1,285,229 |
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| 0.33% |
FINES, FORFEITS AND PENALTIES |
$1,007,998 |
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$1,007,998 |
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| 0.03% |
INCOME FROM INVESTMENTS |
$52,553 |
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$113,022 |
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| 2.92% |
OTHER HIGHWAY FUND REVENUES |
$9,015,334 |
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$9,032,418 |
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| 100.0% |
TOTALS |
$310,267,211 |
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$308,576,740 |
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$618,843,951 |
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| Reflects
budgeted revenue and allocations through the 126th Legislature, 2nd Regular
Session |
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| Percentage
amounts may not add to 100% due to rounding |
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