| 122nd MAINE LEGISLATURE | |||||||||
| LD 131 | LR 0348(01) | ||||||||
| An Act To Delay the Fiscal Sustainability of the Highway Fund | |||||||||
| Fiscal Note for Original Bill | |||||||||
| Sponsor: Rep. Marley of Portland | |||||||||
| 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 | $16,631 | $18,093 | |||||
| Highway Fund | $4,429,871 | $10,831,875 | $11,310,383 | $12,294,434 | |||||
| Appropriations/Allocations | |||||||||
| General Fund | $50,450 | $0 | $0 | $0 | |||||
| Revenue | |||||||||
| General Fund | ($6,628) | ($16,082) | ($16,631) | ($18,093) | |||||
| Highway Fund | ($4,429,871) | ($10,831,875) | ($11,310,383) | ($12,294,434) | |||||
| Other Special Revenue Funds | ($85,945) | ($210,454) | ($217,660) | ($236,793) | |||||
| Fiscal Detail and Notes | |||||||||
| Delaying 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 $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 administrative costs associated with this change. | |||||||||