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Passage of this bill is estimated to increase Transportation Fund Revenues by $720,000 in FY 1998 due to greater compliance with existing laws. There is also a potential impact on local property tax revenues which could decrease property tax rates across the state. It is estimated that the bill will increase revenue to the motor vehicle account by approximatly $150,000 which will be offset by comparable cost to provide insurance data.

FY 98 Approp. FY 99 Approp. FY 98 Revenue FY 99 Revenue
Transportation Fund $0 $0 $720,000 $0
Restricted Funds $150,000 $150,000 $150,000 $150,000
TOTAL $150,000 $150,000 $870,000 $150,000

Office of the Legislative Fiscal Analyst

2/24/97 6:09:36 p.m.

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