121st Maine Legislature
Office of Fiscal and Program Review
LD 1375
An Act to Delay the Fiscal Sustainability of the Highway Fund
LR 1882(01)
Fiscal Note for Original Bill
Sponsor: Rep. Usher of Westbrook
Committee: Transportation
Fiscal Note Required: Yes
   
             
Fiscal Note
Projections Projections
2003-04 2004-05 2005-06 2006-07
Net Cost (Savings)
General Fund $16,900 $21,400 $53,430 $58,549
Highway Fund $22,136,483 $27,805,540 $28,611,584 $29,794,146
Revenue
General Fund ($16,900) ($21,400) ($53,430) ($58,549)
Highway Fund ($22,136,483) ($27,805,540) ($28,611,584) ($29,794,146)
Other Special Revenue Funds $0 $0 ($546,098) ($564,645)
Fiscal Detail and Notes
Highway Fund - Gas Tax ($17,633,405) ($21,921,875) ($22,507,017) ($23,271,427)
Highway Fund - Special Fuel Tax ($4,503,078) ($5,883,665) ($6,104,567) ($6,522,719)
Delaying the annual indexing of motor fuel taxes will result in a loss of Highway Fund revenue of $22,136,483 in fiscal year 2003-04 and $27,805,540 in fiscal year 2004-05 and a loss of General Fund revenue of $16,900 and $21,400 in those same fiscal years.