| 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 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 2009-10 and FY 2010-11. Fuel taxes and motor vehicle license and
registration fees make up 95% |
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| of the
budgeted revenue for the 2010-2011 biennium. |
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| BUDGETED
REVENUE FOR FY 2009-10 AND FY 2010-11 |
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| % OF |
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| BIENNIAL |
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| TOTAL |
SOURCE |
2009-10 |
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2010-11 |
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| 62.97% |
GASOLINE TAX |
$194,820,002 |
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$194,220,000 |
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| 14.90% |
SPECIAL FUEL AND ROAD USE TAXES |
$48,320,000 |
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$43,760,000 |
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| -5.72% |
TRANSCAP TRANSFERS - FUEL TAXES |
($17,862,610) |
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($17,476,736) |
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| -1.61% |
OTHER FUND GASOLINE TAX DISTRIBUTIONS |
($4,971,866) |
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($4,956,860) |
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| 70.55% |
SUBTOTAL - FUEL
TAXES |
$220,305,526
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$215,546,404
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| 20.88% |
MOTOR VEHICLE REGISTRATION FEES |
$64,238,886 |
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$64,775,312 |
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| 1.07% |
LICENSE PLATE FEES |
$3,275,350 |
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$3,348,300 |
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| 2.44% |
LONG-TERM TRAILER REGISTRATION FEES |
$6,183,601 |
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$8,884,523 |
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| 3.30% |
TITLE FEES |
$9,507,970 |
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$10,871,056 |
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| 1.87% |
MOTOR VEHICLE OPERATOR LICENSE FEES |
$5,589,208 |
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$5,937,732 |
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| -4.68% |
TRANSCAP TRANSFERS - MOTOR VEHICLE FEES |
($14,075,450) |
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($14,830,531) |
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| 24.88% |
SUBTOTAL - MOTOR
VEHICLE REG. AND FEES |
$74,719,565
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$78,986,392
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| 0.97% |
MOTOR VEHICLE INSPECTION FEES |
$2,952,500 |
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$3,032,500 |
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| 0.42% |
OTHER HIGHWAY FUND TAXES AND FEES |
$1,268,543 |
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$1,325,823 |
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| 0.48% |
FINES, FORFEITS AND PENALTIES |
$1,745,049 |
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$1,205,049 |
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| 0.04% |
INCOME FROM INVESTMENTS |
$113,330 |
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$120,434 |
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| 2.66% |
OTHER HIGHWAY FUND REVENUES |
$8,387,253 |
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$8,072,531 |
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| 100.00% |
TOTALS |
$309,491,766 |
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$308,289,133 |
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$617,780,899
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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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