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F I S C A
L I M P A C T R E P O R T
|
SPONSOR: |
Silva |
DATE TYPED: |
|
HB |
4 |
||
|
SHORT TITLE: |
Highway and Transportation Department Act |
SB |
|
||||
|
|
ANALYST: |
Reynolds-Forte |
|||||
APPROPRIATION
|
Appropriation
Contained |
Estimated
Additional Impact |
Recurring or
Non-Rec |
Fund Affected |
||
|
FY03 |
FY04 |
FY03 |
FY04 |
|
|
|
|
332,047.4 |
|
|
Recurring |
Other
State Funds |
|
|
303,267.8 |
|
|
Recurring |
Federal
Funds |
|
|
|
|
|
|
|
(Parenthesis
( ) Indicate Expenditure Decreases)
Duplicates
Appropriation in the General Appropriation Act
SOURCES
OF INFORMATION
Responses
Received From
State
Highway and Transportation Department
SUMMARY
Synopsis
of Bill
House Bill 4
represents the Legislative Finance Committee recommendation for funding FY 04
recurring operations of the
Significant
Issues
Budget adjustment authority for FY 04, usually
included in the General Appropriation Act, is not included in HB 4.
FISCAL IMPLICATIONS
The appropriation
contained in HB 4 is summarized by revenue source and by program by category in
the following tables:
The revenues shown in
the tables above assume the one cent decrease in gasoline tax effective
TECHNICAL ISSUES
HB 4 does not take into account SHTD updated revenue estimates for
FY04. These estimates were compiled in
January 03 and estimate that there will
be an increase of $250.0 in State Road Fund revenues, $151.0 decrease in Local
Government Road Fund, $86.0 decrease in State Aviation Fund, and $79.0 in State
Transportation Fund.