Severance tax distribution.

09LSO-0079.C1

UPDATED FOR JANUARY 2009 CREG

FISCAL NOTE

	FY 2010	FY 2011	FY 2012
NON-ADMINISTRATIVE IMPACT
Anticipated Revenue Increase (Decrease):
BUDGET RESERVE ACCOUNT	(111,240,000)	(131,950,000)	(153,290,000)
HIGHWAY FUND	88,990,000	105,560,000	122,630,000
HIGHWAY FUND - MULTI-LANE	22,250,000	26,390,000	30,660,000

Source of revenue increase (decrease):

Diversion of severance tax distributions over the $155 million cap from the Budget Reserve Account to the Highway Fund and the Multi-Lane Highway Funding Account

Assumptions:

The above estimates are based on the severance tax distributions forecasted in Table 4 of the January 2009 CREG forecast.

This diversion would be in effect for the period beginning July 1, 2009 and ending June 30, 2016.

Prepared by:   Dean Temte, LSO    Phone: 777-7881