122nd MAINE LEGISLATURE
		LD 258		LR 0171(01)
	An Act To Repeal Gasoline Tax Indexing
	Fiscal Note for Original Bill
	Sponsor: Rep. McKenney of Cumberland
	Committee: Transportation
	Fiscal Note Required: Yes
Fiscal Note
					Projections	Projections
			2005-06	2006-07	2007-08	2008-09
Net Cost (Savings)
	General Fund		$57,078	$16,082	$23,102	$30,411
	Highway Fund		$4,429,871	$10,831,875	$15,864,026	$21,058,937
Appropriations/Allocations
	General Fund		$50,450	$0	$0	$0
Revenue
	General Fund		($6,628)	($16,082)	($23,102)	($30,411)
	Highway Fund		($4,429,871)	($10,831,875)	($15,864,026)	($21,058,937)
	Other Special Revenue Funds		($85,945)	($210,454)	($305,052)	($400,882)
Fiscal Detail and Notes
	Repealing the annual inflation adjustment of the gasoline tax rate and the special fuel tax rate will result in a Highway Fund revenue loss of $4,429,871 in fiscal year 2005-06 and $10,831,875 in fiscal year 2006-07 and a General Fund revenue loss of $6,628 in fiscal year 2005-06 and $16,082 in fiscal year 2006-07.  Maine Revenue Services will also require a General Fund appropriation of $50,450 to support the additional one-time costs associated with this change.