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It is estimated that approximately 2,200 vehicles will be impounded each year. With a $5 fee, revenue is estimated at $11,000 and will cover the ongoing administrative costs of the Tax Commission. For the cars impounded and stored in error, the cost for reimbursement is estimated to be approximately $47,500 per year from the Transportation Restricted Fund. FY 2000 supplemental funding for one-time programming costs by the Tax Commission will be required and are estimated at $8,500. The actual cost depends on the number of similar bills requiring programming changes that are passed by the Legislature.
FY 00 Approp. | FY 01 Approp. | FY 00 Revenue | FY 01 Revenue | |
General Fund | $8,500 | $0 | $0 | $0 |
Dedicated Credits Revenue | $0 | $11,000 | $0 | $11,000 |
Transportation Restricted | $0 | $47,500 | $0 | $0 |
TOTAL | $8,500 | $58,500 | $0 | $11,000 |
Office of the Legislative Fiscal Analyst
1/18/00 5:20:52 PM
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