123rd MAINE LEGISLATURE
		LD 89		LR 560(01)
	An Act To Repeal the Automatic Increase in the Gasoline Tax
	Fiscal Note for Original Bill
	Sponsor: Sen. Courtney of York
	Committee: Transportation
	Fiscal Note Required: Yes
Fiscal Note
			2007-08	2008-09	Projections 2009-10	Projections 2010-11
Net Cost (Savings)
	General Fund		$6,388	$15,503	$21,256	$27,981
	Highway Fund		$7,925,707	$16,672,920	$21,926,390	$27,711,855
Revenue
	General Fund		($6,388)	($15,503)	($21,256)	($27,981)
	Highway Fund		($7,925,707)	($16,672,920)	($21,926,390)	($27,711,855)
	Other Special Revenue Funds		($111,905)	($271,579)	($372,356)	($490,165)
Fiscal Detail and Notes
	Repealing the annual indexing of fuel taxes will reduce Highway Fund revenue by an estimated $7,925,707 in fiscal year 2007-08 and $16,672,920 in fiscal year 2008-09.  The corresponding General Fund revenue loss is estimated to be $6,388 in fiscal year 2007-08 and $15,503 in fiscal year 2008-09.