Fuel tax increase-city streets.

03LSO-0246.L2

                                                         

FISCAL NOTE (HB0144)

 

 

 

FY 2004

FY 2005

FY 2006

NON-ADMINISTRATIVE IMPACT

 

 

 

Anticipated Revenue Increase:

 

 

 

LOCAL SOURCES FUND

6,496,342

6,604,097

6,711,851

 

Source of revenue increase:

 

Gasoline and diesel fuel with standard exemptions

 

Assumptions:

 

  1. This bill increases the gasoline and diesel fuel tax by one cent ($.01) per gallon.

 

  1. The above estimates include the impact of the standard exemptions.

 

  1. The revenues from this fuel tax increase will be distributed to cities and towns. Please see the attachment for detail of the estimated distribution by city/town by fiscal year.

 

  1. This bill is effective July 1, 2003.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prepared by:   Dean Temte, LSO    Phone:   777-7881

(information provided by Kevin Hibbard, WYDOT; phone 777-4026)