| 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, |
| 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 a
gasoline and diesel fuel tax, 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 2005-06 and FY 2006-07. Fuel taxes and motor vehicle license and
registration fees make up almost 95% |
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| of the
budgeted revenue for the 2006-2007 biennium. |
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| BUDGETED
REVENUE FOR FY 2005-06 AND FY 2006-07 |
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| % OF |
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| BIENNIAL |
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| TOTAL |
SOURCE |
2005-06 |
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2006-07 |
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| 68.65% |
FUEL TAXES |
$226,776,993 |
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$227,484,941 |
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| 26.24% |
MOTOR VEHICLE LICENSES AND FEES |
$87,172,358 |
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$86,476,317 |
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| 1.33% |
MOTOR VEHICLE INSPECTION FEES |
$4,397,970 |
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$4,379,756 |
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| 0.60% |
FINES |
$1,973,665 |
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$2,018,239 |
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| 0.32% |
EARNINGS ON INVESTMENTS |
$1,300,000 |
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$795,000 |
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| 2.85% |
OTHER REVENUES |
$9,286,173 |
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$9,603,076 |
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| 100.00% |
TOTALS |
$330,907,159
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$330,757,329
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$661,664,488
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| Reflects Final
Budgeted Amounts |
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| Percentage
amounts may not add to 100% due to rounding |
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