| The Highway Fund accounts for highway user taxes including the gas tax and registry 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 2010, the Governor 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. | |||
| FY08 | FY09 | FY10 | |
|---|---|---|---|
| Beginning Fund Balances | (1,296.6) | 16.2 | 15.6 |
| Taxes | 574.0 | 650.4 | 650.5 |
| Federal Revenues | 0.8 | 1.3 | 0.8 |
| Departmental Revenues | |||
| - Fees | 399.8 | 426.3 | 484.9 |
| - Special Assessments | 13.6 | 13.7 | 13.7 |
| - Rents | 3.4 | 3.3 | 3.3 |
| - Reimbursement for Services | 2.0 | 2.5 | 2.3 |
| - Miscellaneous | 1.9 | 0.6 | 0.6 |
| - Revenue Collections by Courts | 0.3 | 0.3 | 0.3 |
| - Licenses and Permits | 0.3 | 0.3 | 0.3 |
| - Sale of Goods | 0.2 | 0.3 | 0.3 |
| Consolidated Transfers | (106.6) | (66.9) | (74.8) |
| Total Revenues | 889.8 | 1,032.2 | 1,082.3 |
| Total Available | (406.8) | 1,048.4 | 1,097.9 |
| Debt Service | 649.2 | 767.8 | 923.0 |
| Independents | 5.4 | 5.6 | 0.0 |
| Administration & Finance | 158.4 | 5.7 | 0.0 |
| Energy & Environmental Affairs | 0.0 | 0.0 | 1.0 |
| Transportation | 84.8 | 158.4 | 183.9 |
| Public Safety | 250.0 | 253.8 | 82.6 |
| Total Expenditures | 1,147.9 | 1,191.3 | 1,190.6 |
| Transfers to Other Funds | (1,570.8) | (158.5) | (108.3) |
| Ending Fund Balances | 16.2 | 15.6 | 15.6 |