Return to the main page | Previous document | Next document

Program 22-919: Highway Fund #2 - Motor Vehicle Tax

Program Authorization: Article VI, Section 22(G) of the 1921 State Constitution; Attorney General's opinion # 76-796

PROGRAM DESCRIPTION

This fund was established in the State Constitution of 1921 to provide for the collection of vehicular license taxes from six parishes (Orleans, Jefferson, St. John the Baptist, St. Charles, Tangipahoa, and St. Tammany). The revenue collected is dedicated for payment of specific bond issues of the Mississippi River Bridge Authority and the Greater New Orleans Expressway Commission.

RESOURCE ALLOCATION FOR THE PROGRAM

This agency's recommended funding level does not include any funds for short-term debt.

This agency's recommended funding level includes a portion of the $10,500,000 in long-term debt for Fiscal Year 1999-2000.

 

SOURCE OF FUNDING

The source of funding for this program is Statutory Dedicated motor vehicle license revenue. (Per R.S. 39:32B.(8), see table below for a listing of expenditures out of each Statutory Dedicated Fund.)

ANALYSIS OF RECOMMENDATION

GENERAL FUND

TOTAL

T.O.

DESCRIPTION

 

 

 

 

 

$0

$9,800,000

0

 

INITIAL - FISCAL YEAR 1998-1999

 

 

 

 

 

 

 

 

 

BA-7 TRANSACTIONS:

$0

$600,000

0

 

Adjustment to reflect the official FY 99 projection set by the Louisiana Revenue Estimating Conference at its November 18, 1998 meeting

 

 

 

 

 

$0

$10,400,000

0

 

EXISTING OPERATING BUDGET November 20, 1998

 

 

 

 

 

$0

$100,000

0

 

Other Adjustments - Adjustment to reflect the official projection set by the Louisiana Revenue Estimating Conference at its November 18, 1998 meeting

 

 

 

 

 

$0

$10,500,000

0

 

TOTAL RECOMMENDED

 

 

 

 

 

$0

$100,000

0

 

DIFFERENCE (TOTAL RECOMMENDED AND EXISTING OPERATING BUDGET)

The total means of financing for this program is recommended at 101.0% of the existing operating budget. It represents 100.0% of the total request ($10,500,000) for this program. The recommended funding level reflects the official Fiscal Year 2000 projection approved by the Louisiana Revenue Estimating Conference at its November 18, 1998.

 

PROFESSIONAL SERVICES

This program does not have funding for Professional Services for Fiscal Year 1999-2000.

 

OTHER CHARGES

$10,500,000

 

Highway Fund #2 - Motor Vehicle Tax

 

 

 

$10,500,000

 

TOTAL OTHER CHARGES

ACQUISITIONS AND MAJOR REPAIR

This program does not have funding for Acquisitions and Major Repairs for Fiscal Year 1999-2000.


Return to the main page | Previous document | Next document