Governor Deval Patrick's Budget Recommendation - House 2 Fiscal Year 2009

Governor's Budget Recommendation FY 2009

Transportation Fund Balances


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Transportation Fund Balances (in millions)
Transportation (Highway) Fund - This fund accounts for highway user taxes including the gas tax and fees. The fund is used to finance highway maintenance and safety services, and provide matching funds for federally sponsored highway projects as required. For fiscal year 2009, the Governor proposes to rename the fund the Transportation Fund and further recommends restructuring the fund to ensure that all transportation-related revenues are directed to the new fund, and to make sure that all funding for transportation-related expenses (including debt service on bonds issued for transportation purposes) are paid from this fund. This reform would provide the Commonwealth and the public with a more transparent and true accounting of our transportation revenues and expenses and to the extent to which transportation expenses need to be subsidized by non-transportation-related General Fund receipts.
 
FY07 FY08 FY09
Beginning Fund Balances (1,071.0) (1,296.6) (1,427.4)
Taxes 577.6 578.0 673.7
Federal Revenues 0.9 1.1 0.0
Departmental Revenues 
   - Fees 392.5 404.8 433.9
   - Special Assessments 12.8 13.0 13.2
   - Rents 3.8 3.9 4.7
   - Miscellaneous 1.4 0.6 2.0
   - Licenses and Permits 0.3 0.3 0.8
   - Sale of Goods 0.3 0.3 0.5
   - Revenue Collections by Courts 0.3 0.3 0.3
   - Reimbursement for Services 2.0 2.7 0.2
   - Fines and Penalties 0.0 0.1 0.1
Consolidated Transfers (104.9) (79.9) (89.0)
Total Revenues 887.0 925.2 1,040.3
Total Available (184.0) (371.4) (387.1)
Debt Service 639.1 677.5 902.3
Independents 5.1 5.5 0.0
Administration & Finance 119.1 5.9 1.0
Energy & Environmental Affairs 0.0 0.0 4.8
Transportation 94.5 114.8 189.2
Public Safety 254.8 252.4 8.9
Total Expenditures 1,112.7 1,056.0 1,106.2
Transfers to Other Funds 0.0 0.0 (1,503.6)
Ending Fund Balances (1,296.6) (1,427.4) 10.3

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