Fuel tax-LUST funding.

11LSO-0332.L1

                                                         

FISCAL NOTE

 

 

FY 2012

FY 2013

FY 2014

NON-ADMINISTRATIVE IMPACT

 

 

 

Anticipated Revenue Increase (Decrease):

 

 

 

HIGHWAY FUND            

12,500,000

12,800,000

13,100,000

CORRCTIVE ACTION ACCOUNT and

FINANCIAL RESPONSIBILITY ACCOUT (LUST)                 

12,500,000

12,800,000

13,100,000

GENERAL FUND            

(4,200,000)

(4,300,000)

(4,400,000)

BUDGET RESERVE ACCOUNT  

(8,300,000)

(8,500,000)

(8,700,000)

 

Source of revenue increase (decrease):

 

Additional one penny motor fuel tax collected on all motor fuels (gasoline and diesel, on and off road), deposited to the State Highway Fund.

 

Severance taxes in an amount equal to the additional motor fuel taxes collected from the one penny increase will be distributed to the Corrective Action Account and Financial Responsibility Account (LUST).

 

The increase in the severance taxes distributed to the Corrective Action Account and Financial Responsibility Account will result in a corresponding decrease in the severance taxes distributed over the $155 million cap to the General Fund and Budget Reserve Account.

 

Assumptions: 

 

The above estimates are based on October 2010 CREG projections.

 

 

NOTICE-AGENCY ESTIMATE OF ADMINISTRATIVE IMPACT REQUESTED

 

This bill has administrative impact that appears to increase (or decrease) duties or responsibilities of one or more state agencies and may impact agency spending or staffing requirements. As introduced, the bill does not modify any state agency budget or current personnel authorizations.

The following state agencies will be asked to provide their estimate of the administrative fiscal impact prior to the first committee meeting held to consider the bill:

 

Department of Environmental Quality

 

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

(Information provided by Kevin Hibbard, WYDOT; 777-4026:

Jim Uzzell, DEQ; 777-7198)