121st Maine Legislature
Office of Fiscal and Program Review
LD 33
An Act to Repeal the Annual Indexing of Motor Fuel Taxes
LR 0350(01)
Fiscal Note for Original Bill
Sponsor: Rep. Gagne-Friel
Committee: Transportation
Fiscal Note Required: Yes
   
             
Fiscal Note
Projections Projections
2003-04 2004-05 2005-06 2006-07
Net Cost (Savings)
General Fund $16,900 $21,400 $62,517 $74,649
Highway Fund $22,136,483 $27,805,540 $33,470,781 $39,758,795
Revenue
General Fund ($16,900) ($21,400) ($62,517) ($74,649)
Highway Fund ($22,136,483) ($27,805,540) ($33,470,781) ($39,758,795)
Other Special Revenue Funds $0 $0 ($637,951) ($752,372)
Fiscal Detail and Notes
Highway Fund - Gas Tax ($17,633,405) ($21,921,875) ($26,292,710) ($31,008,517)
Highway Fund - Special Fuel Tax ($4,503,078) ($5,883,665) ($7,178,071) ($8,750,278)
Repealing the annual indexing of motor fuel taxes will result in a loss of Highway Fund revenue of $22,136,483 in fiscal year 2003-04 and $27,805,540 in fiscal year 2004-05 and a loss of General Fund revenue of $16,900 and $21,400 in those same fiscal years.