Vehicle registration fees. |
12LSO-0231.L2 |
FISCAL NOTE
This bill contains an appropriation of $39,500,000 from the GENERAL FUND to the State Auditor. This appropriation is effective immediately.
DETAIL OF APPROPRIATION
Agency #: 003 Agency Name: State Auditor
Unit: New
EXPENDITURE BY SERIES AND YEAR FY 2012 FY 2013 FY 2014
0600 Grant & Aid Payments $39,500,000
Total Expenditure Per Year: $39,500,000
Grand Total Expenditure: $39,500,000
Total Appropriated to Agency: $39,500,000
Total Appropriated by Fund
GENERAL FUND : $39,500,000
Description of Appropriation:
The proposed legislation appropriates $39,500,000 from the GENERAL FUND to the State Auditor to reimburse counties for estimated decrease in revenue due to lowering annual county-based motor vehicle registration fees.
Assumption:
Payments to counties for decreased revenue in calendar year (CY) 2013 will be made by the State Auditor upon receiving and verifying county-submitted applications for reimbursement on or before February 1, 2014. Reimbursement will be made subject to rates changed and decreased revenue occurring in (CY) 2013.
Source of Revenue (Decrease) and Expenditure Increase:
Motor vehicle owners will be required to pay lower county-based motor vehicle annual registration fees for vehicles seven (7) years and older. This decrease in revenue by counties and the School Foundation Program in second half of FY 2013 and the first half of FY 2014 would be reimbursed by the State Auditor from appropriated GENERAL FUND monies. The revenue decrease shown for FY 2014 above is the decrease in registration fees in the last six months of FY 2014. The School Foundation Program indicates a revenue decrease from recapture school districts, and the 12 mill county levy to the program, and expenditure increase for entitlement school districts.
Assumptions:
The estimated decrease in registration fee revenue, and requirements for reimbursement by the State Auditor into the future, is based on the following:
The estimated revenue decrease and required reimbursement will fluctuate from year to year depending on how many motor vehicles are registered age seven (7) years and older. The proposed fee changes will apply to all vehicles registered at the county-level under W.S. 31-3-101(a)(i) as amended by this legislation, to include passenger vehicles, private trucks, etc. This bill does not modify required state fees for motor vehicle registration.
Prepared by: Michael Swank, LSO Phone: 777-7881
(Information provided by Mike Rowe, Wyoming State Auditor's Office, phone 777-6650; Kevin Hibbard and Debbie Lopez, Wyoming Department of Transportation, phone 777-4026 and 777-4714, respectively)