Fiscal Note - State of Utah - 2014 General Session
HB0135 - Transportation Funding Amendments
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill may reduce General Fund revenue by $49.8 million in FY 2015 and $51.8 million in FY 2016 and increase revenue to the Transportation Investment Fund by a corresponding amount. Enactment may also increase Transportation Fund revenue by $0.8 million in FY 2015 and $6.4 million in FY 2016. Transportation Fund revenue would increase annually in proportion to the highway maintenance cost index.
State Budget Detail Table | FY 2014 | FY 2015 | FY 2016 |
Revenue: | |||
General Fund | $0 | ($49,823,000) | ($51,816,000) |
Transportation Fund | $0 | $804,000 | $6,432,000 |
Transportation Fund Restricted | $0 | $49,823,000 | $51,816,000 |
Total Revenue | $0 | $804,000 | $6,432,000 |
Expenditure | $0 | $0 | $0 |
Net Impact, All Funds (Rev.-Exp.) | $0 | $804,000 | $6,432,000 |
Net Impact, General/Education Funds (Rev.-Exp.) | $0 | ($49,823,000) | ($51,816,000) |
Local Governments (UCA 36-12-13(2)(c)):
Local transportation fund revenues could decrease by $38.8 million in FY 2015 and decrease by $38.7 million in FY 2016 as appropriations to class B and class C roads account is based on state highway-user taxes and fees.
Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Individuals/Businesses would see an increase of 0.26% in sales and use tax and a decrease in motor fuel tax of $0.123 per gallon.
Performance Note Required? (Joint Rule 4-2-404): No
2/19/2014, 11:16:15 AM, Lead Analyst: Wilko, A./Attny: SCH | Office of the Legislative Fiscal Analyst |