The Highway Fund is a fund established in the Maine Constitution (Article IX, Section 19) and by
statute (23 MRSA c. 19, sub-c. IV, sections 1651-1653) for:
a. the maintenance, construction and reconstruction of Maine highways and bridges;
b. administrative costs incurred in the construction and maintenance of highways; and
c. expenses for state enforcement of traffic laws.
The Highway Fund derives its revenue from a gasoline and diesel fuel tax, taxes on motor truck
carriers, motor vehicle license and registration fees, portions of revenues from over weight fines,
and other miscellaneous sources. The following represents a breakdown of the budgeted revenue
for the Highway Fund for FY 1999-00 and FY 2000-01. These revenues include the 12/4/98 and
11/29/99 reprojections from the Revenue Forecasting Committee and the additional revenues from
the $.03 increase in the Gas and Special Fuels Taxes and the $2 increase in motor vehicle registration
fees. Fuel taxes and motor vehicle fees currently make up almost 95% of the budgeted revenue for the
2000-2001 biennium.
BUDGETED REVENUE FOR FY 1999-00 AND FY 2000-01
| % OF | |||||||
| BIENNIAL | |||||||
| TOTAL | SOURCE |
1999-00 |
2000-01 |
||||
| 68.02% | FUEL TAXES | $171,240,123 | $177,634,606 | ||||
| 27.07% | MOTOR VEHICLE LICENSES AND FEES | $66,491,998 | $72,356,030 | ||||
| 0.79% | DOT FINES | $1,847,420 | $2,210,837 | ||||
| 0.94% | MOTOR VEHICLE INSPECTION FEES | $2,385,034 | $2,421,945 | ||||
| 3.18% | OTHER REVENUES | $7,098,940 | $9,232,549 | ||||
|
___________ |
___________ |
||||||
| 100.00% | TOTALS | $249,063,515 | $263,855,967 | ||||
| $512,919,482 | |||||||
Amounts may not add to 100% due to rounding.