FY 2016 Appropriation

This line item accounts for materials and labor for the State Prison license plate production operation.

Funding History
Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $2,517,900 from all sources for License Plates Production. This is a 0 percent change from Fiscal Year 2015 revised estimated amounts from all sources.

License Plate Production Revenue, Expenditure, and Deficit

license plate production

Statute

Utah Code 41-1a-1211 specifies the authority the Tax Commission possesses to impose a fee on the issuance and renewal of license plates.

Funding for this line item is generated through license plate fees. The fee per new license plate is $5, of which $1 goes to the Transportation Fund and $4 to cover the costs of producing the license plates.

Since September 2009, this line item has been running a structural deficit; In the 2010 General Session, and beginning in FY 2011, an ongoing transfer of $258,000 of the revenues from License Plate Fund to the Motor Vehicle Division was made. This explains the larger than normal dip in License Plate revenues beginning on FY 2011. Expenses are greater than revenues going into the fund, and the existing balance will be drawn down at a more rapid pace than indicated in the FY 2010 report.

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COBI contains unaudited data as presented to the Legislature by state agencies at the time of publication. For audited financial data see the State of Utah's Comprehensive Annual Financial Reports.