LD 505 LR 1296(01)
An Act To Increase the Funding Level of the Local Road Assistance Program
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. Gillway of Searsport
Committee: Transportation
Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
FY 2015-16 FY 2016-17 Projections  FY 2017-18 Projections  FY 2018-19
Net Cost (Savings)
Highway Fund $2,242,612 $2,326,146 $2,326,146 $2,326,146
Highway Fund $2,242,612 $2,326,146 $2,326,146 $2,326,146
Fiscal Detail and Notes
The bill increases funding to the Local Road Assistance program from 9% to 10% of the Highway Fund allocation to the Department of Transportation.  The department will require a Highway Fund allocation of $2,242,612 in fiscal year 2015-16 and $2,326,146 in fiscal year 2016-17.  The bill does not increase funding to the Highway Fund so Highway Fund deallocations would need to be made in the same amount in order for the Fund to balance.