| HIGHWAY FUND |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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, revenues from over weight fines, and other miscellaneous
highway and |
|
|
|
| transportation
sources. The following represents a breakdown of the budgeted revenue for the
Highway Fund |
|
|
| for
FY 2007-08 and FY 2008-09. Fuel taxes and motor vehicle license and
registration fees make up almost 95% |
|
|
| of the
budgeted revenue for the 2008-2009 biennium. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| BUDGETED
REVENUE FOR FY 2007-08 AND FY 2008-09 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| % OF |
|
|
|
|
|
|
| BIENNIAL |
|
|
|
|
|
|
| TOTAL |
SOURCE |
2007-08 |
|
2008-09 |
|
|
|
|
|
|
|
|
|
| 67.63% |
FUEL TAXES |
$223,368,718
|
|
$217,243,255 |
|
|
|
|
|
|
|
|
|
| 27.35% |
MOTOR VEHICLE LICENSES AND FEES |
$85,953,481 |
|
$92,254,651 |
|
|
|
|
|
|
|
|
|
| 1.30% |
MOTOR VEHICLE INSPECTION FEES |
$4,468,458 |
|
$3,996,421 |
|
|
|
|
|
|
|
|
|
| 0.55% |
FINES |
$1,794,049
|
|
$1,795,049 |
|
|
|
|
|
|
|
|
|
| 0.22% |
EARNINGS ON INVESTMENTS |
$1,000,000 |
|
$458,392 |
|
|
|
|
|
|
|
|
|
| 2.94% |
OTHER REVENUES |
$9,771,333 |
|
$9,401,872 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 100.00% |
TOTALS |
$326,356,039
|
|
$325,149,640
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$651,505,679
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Reflects Final
Budgeted Amounts |
|
|
| Percentage
amounts may not add to 100% due to rounding |
|
|
|
|
|
|
|
|
|
