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.