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. administration 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,
funds provided
by the Maine Turnpike Authority and other miscellaneous sources. The following
represents a
breakdown of the budgeted revenue for the Highway Fund for FY 1997-98 and FY 1998-99.
Fuel taxes and motor vehicle registration fees make up over 95% of the budgeted revenue
for the
1998-1999 Biennium.
BUDGETED REVENUE FOR FY 1997-98 AND FY 1998-99
| % OF | |||||||
| BIENNIAL | |||||||
| TOTAL | SOURCE | 1997-98 | 1998-99 | ||||
| 68.51% | FUEL TAXES | $146,135,554 | $164,491,034 | ||||
| 0.00% | TURNPIKE REIMBURSEMENT | $0 | $12,896 | ||||
| 26.65% | MOTOR VEHICLE LICENSES AND FEES | $58,909,665 | $61,904,156 | ||||
| 0.84% | FINES | $1,900,000 | $1,919,025 | ||||
| 0.82% | MOTOR VEHICLE INSPECTION FEES | $1,740,312 | $1,994,312 | ||||
| 3.18% | OTHER REVENUES | $7,246,774 | $7,160,704 | ||||
| 100.00% | TOTALS | $215,932,305 | $237,482,127 | ||||
| $453,414,432 | |||||||
Amounts may not add to 100% due to rounding.