| 122nd MAINE LEGISLATURE | |||||||||
| LD 131 | LR 0348(08) | ||||||||
| An Act To Delay the Fiscal Sustainability of the Highway Fund | |||||||||
| Fiscal Note for Senate Amendment " " to Committee Amendment "A" | |||||||||
| Sponsor: Sen. Courtney | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $0 | $0 | $58,102 | $15,073 | |||||
| Highway Fund | $0 | $0 | $4,747,061 | $9,743,808 | |||||
| Appropriations/Allocations | |||||||||
| General Fund | $0 | $0 | $50,450 | $0 | |||||
| Revenue | |||||||||
| General Fund | $0 | $0 | ($7,652) | ($15,073) | |||||
| Highway Fund | $0 | $0 | ($4,747,061) | ($9,743,808) | |||||
| Other Special Revenue Funds | $0 | $0 | ($91,923) | ($187,459) | |||||
| Fiscal Detail and Notes | |||||||||
| The incremental impact of this Senate amendment of repealing the annual inflation adjustment of the gasoline tax rate and the special fuel tax rate will result in a Highway Fund revenue loss of $4,747,061 in fiscal year 2007-08 and $9,743,808 in fiscal year 2008-09 and a General Fund revenue loss of $7,652 in fiscal year 20007-08 and $15,073 in fiscal year 2008-09. Maine Revenue Services will also require a General Fund appropriation of $50,450 in fiscal year 2007-08 to support the additional administrative costs associated with this change. | |||||||||