124th MAINE LEGISLATURE
LD 48 LR 355(01)
Resolve, To Delay the Sustainability of the Highway Fund
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. Mazurek of Rockland
Committee: Transportation
Fiscal Note Required: Yes
             
Preliminary Fiscal Impact Statement
2009-10 2010-11 Projections 2011-12 Projections 2012-13
Net Cost (Savings)
General Fund $11,897 $17,974 $18,703 $17,704
Highway Fund $9,887,962 $15,074,870 $15,524,879 $14,968,496
Revenue
General Fund ($11,897) ($17,974) ($18,703) ($17,704)
Highway Fund ($9,887,962) ($15,074,870) ($15,524,879) ($14,968,496)
Other Special Revenue Funds ($1,010,142) ($1,537,156) ($1,586,418) ($1,523,799)
Fiscal Detail and Notes
This legislation proposes to suspend the annual indexing of the excise tax on gasoline and special fuel until July 1, 2011 and would result in a reduction in General Fund revenue of $11,897 in fiscal year 2009-10 and $17,974 in fiscal year 2010-11.  It would also result in a reduction in Highway Fund revenue of $9,887,962 in fiscal year 2009-10 and $15,074,870 in fiscal year 2010-11.  The reduction in Other Special Revenue Funds would be $1,010,142 in fiscal year 2009-10 and $1,537,156 in fiscal year 2010-11 and would affect dedicated accounts within the Departments of Inland Fisheries and Wildlife, Conservation, and Marine Resources, as well as the TransCap Trust Fund within the Maine Municipal Bond Bank.