128th MAINE LEGISLATURE
LD 1765 LR 2635(02)
An Act To Provide a Source of Revenue To Preserve the Integrity of Maine's Transportation Infrastructure
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Taxation
Fiscal Note Required: Yes
             
Fiscal Note
FY 2017-18 FY 2018-19 Projections  FY 2019-20 Projections  FY 2020-21
Net Cost (Savings)
General Fund $0 $24,413,068 $32,751,545 $35,096,461
Highway Fund $0 ($20,327,557) ($27,292,954) ($29,247,051)
Appropriations/Allocations
General Fund $0 $20,000 $0 $0
Other Special Revenue Funds $0 $4,065,511 $5,458,591 $5,849,410
Revenue
General Fund $0 ($24,393,068) ($32,751,545) ($35,096,461)
Highway Fund $0 $20,327,557 $27,292,954 $29,247,051
Other Special Revenue Funds $0 $4,065,511 $5,458,591 $5,849,410
Fiscal Detail and Notes
The bill directs that 10% of the sales tax on transportation related items be deposited in the Highway Fund and would result in a reduction in General Fund revenue of $20,327,557 in fiscal year 2018-19 and a corresponding increase in Highway Fund revenue.  The bill also directs that 2% of the sales tax on these items be deposited in the Multimodal Transportation Fund within the Department of Transportation and would result in a reduction in General Fund revenue of $4,065,511 in fiscal year 2018-19 and a corresponding increase in revenue to the Multimodal Transportation Fund.  The net reduction to the General Fund revenue frim both provisions is $24,393,068.
The bill includes a one-time General Fund appropriation of $20,000 to the Department of Administrative and Financial Services in fiscal year 2018-19 for programming changes.  The bill also includes an Other Special Revenue Funds allocation of $4,065,511 to the Department of Transportation in fiscal year 2018-19  in order to spend this new revenue.