|
FY 2003 Highway User Tax Distribution
Fund (Minnesota) |
Preliminary Revenues and Distributions
as of Close Year End 2003 |
| |
ACTUAL REVENUES |
|
Funding Source |
Amount |
Source of Funding |
Allocation |
|
Fuel Tax |
$638,548,000.00 |
Taxes collected on gasoline, ethanol, and
diesel fuels. |
Constitutionally Bound |
|
Registration and Title Fees |
$502,301,000.00 |
Fees collected for the issuance of vehicle
registration cards and plates, and certificates of title. |
Constitutionally Bound |
|
Net Motor Vehicle Sales Tax to HUTD |
$193,780,000.00 |
Percentage of motor vehicle sales tax not
dedicated to the General Fund. |
Statute or formula |
|
Gross Motor Vehicle Sales Tax to State |
$600,218,000.00 |
5% Sales tax on vehicles |
|
|
Interest Earned from Above Sources |
$1,373,000.00 |
|
|
|
Total FY 2003 Revenues |
$1,336,002,000.00 |
|
|
|
Total Federal Contribution to Trunk
Highway Fund
------------------------------------------------> |
$597,252,000.00 |
|
|
|
Total Federal Contribution to Local
Governments -------------------------------------> |
$112,530,000.00 |
|
|
|
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|
| |
ACTUAL DISTRIBUTIONS |
|
|
|
How is the money spent? |
|
MOTOR FUEL TAX |
|
|
Four Road Funds: |
|
Regular Unleaded Gasoline ----------> |
20.0 Cents/gal |
|
58.9% to the Trunk Highway Fund (State
Highway Purposes) |
$767,672,437.00 |
|
|
|
27.55% to the County State Aid Fund
(Counties) |
$359,072,591.00 |
|
|
|
8.55% to Municiple State Aid Fund (City
Streets |
$111,436,321.00 |
|
|
|
5% flexible account in County State Aid
Fund (for distribution by statute or formula) |
$65,167,439.00 |
|
|
|
|
|
|
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|
Total FY 2003 Distributions |
$1,303,348,788.00 |
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