| 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 2011-12
and FY 2012-13. Fuel taxes and motor vehicle license and registration fees
make up 95% |
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| of the budgeted
revenue for the 2012-2013 biennium. |
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| BUDGETED
REVENUE FOR FY 2011-12 AND FY 2012-13 |
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| % OF |
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| BIENNIAL |
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| TOTAL |
SOURCE |
2011-12 |
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2012-13 |
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| 61.55% |
GASOLINE TAX |
$196,280,000 |
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$191,710,000 |
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| 13.99% |
SPECIAL FUEL AND ROAD USE TAXES |
$44,500,000 |
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$43,680,000 |
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| -5.55% |
TRANSCAP TRANSFERS - FUEL TAXES |
($17,682,872) |
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($17,294,693) |
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| -1.56% |
OTHER FUND GASOLINE TAX DISTRIBUTIONS |
($5,008,374) |
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($4,794,092) |
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| 68.43% |
SUBTOTAL - FUEL
TAXES |
$218,088,754 |
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$213,301,215 |
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| 20.56% |
MOTOR VEHICLE REGISTRATION FEES |
$64,805,936 |
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$64,825,773 |
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| 1.06% |
LICENSE PLATE FEES |
$3,345,309 |
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$3,351,681 |
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| 2.98% |
LONG-TERM TRAILER REGISTRATION FEES |
$9,384,523 |
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$9,384,523 |
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| 4.85% |
TITLE FEES |
$11,803,313 |
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$18,749,539 |
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| 2.69% |
MOTOR VEHICLE OPERATOR LICENSE FEES |
$8,423,641 |
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$8,521,255 |
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| -5.09% |
TRANSCAP TRANSFERS - MOTOR VEHICLE FEES |
($15,024,536) |
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($17,047,282) |
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| 27.05% |
SUBTOTAL - MOTOR
VEHICLE REG. AND FEES |
$82,738,186 |
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$87,785,489 |
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| 0.95% |
MOTOR VEHICLE INSPECTION FEES |
$2,982,500 |
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$2,982,500 |
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| 0.41% |
OTHER HIGHWAY FUND TAXES AND FEES |
$1,313,165 |
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$1,276,365 |
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| 0.32% |
FINES, FORFEITS AND PENALTIES |
$993,049 |
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$1,039,868 |
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| 0.04% |
INCOME FROM INVESTMENTS |
$121,761 |
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$99,513 |
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| 2.80% |
OTHER HIGHWAY FUND REVENUES |
$8,734,112 |
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$8,920,662 |
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| 100.0% |
TOTALS |
$314,971,527 |
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$315,405,612 |
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$630,377,139 |
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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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