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This legislation
proposes to suspend the annual indexing of the excise tax on gasoline and
special fuel until July 1, 2011 and would result in a reduction in General
Fund revenue of $11,897 in fiscal year 2009-10 and $17,974 in fiscal year
2010-11. It would also result in a
reduction in Highway Fund revenue of $9,887,962 in fiscal year 2009-10 and
$15,074,870 in fiscal year 2010-11.
The reduction in Other Special Revenue Funds would be $1,010,142 in
fiscal year 2009-10 and $1,537,156 in fiscal year 2010-11 and would affect
dedicated accounts within the Departments of Inland Fisheries and Wildlife,
Conservation, and Marine Resources, as well as the TransCap Trust Fund within
the Maine Municipal Bond Bank. |