Where Does the Money Come...
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FY 2018 TxDOT Sources of Revenue State Highway Fund $ 10.43 B Texas Mobility Fund $ 0.49 B Prop 14 Interest $ 0.43 B Prop 12 $ 0.01 B $ 11.36 B Source: TxDOT 2018 Pocket Facts FY 2018 Sources of Revenue for the State Highway Fund FHWA Reimbursements State Motor Fuels Tax Vehicle Registration Fee Prop 7 Prop 1 Other Federal Funds Local Reimbursements Other Agency Revenue Miscellaneous Revenue Lubricant Sales Tax Concessions and Toll Subaccounts SIB 99 Loan Reimbursements and Interest Depository Interest Prop 14 Total State Taxes and Fees on Gasoline Lower Higher WA #4 49.40¢ OR #13 36.82¢ CA #1 61.20¢ NV #19 33.78¢ ID #20 33.00¢ MT #22 32.75¢ WY #34 24.00¢ UT #26 30.01¢ CO #38 22.00¢ AZ #46 19.00¢ AK #50 14.66¢ HI #5 48.25¢ NM #47 18.88¢ OK #44 20.00¢ KS #33 24.03¢ NE #24 30.60¢ SD #28 30.00¢ ND #37 23.00¢ MN #29 28.60¢ IA #25 30.50¢ MO #49 17.42¢ IL #3 54.98¢ WI #21 32.90¢ MI #8 42.48¢ IN #6 46.62¢ KY #32 26.00¢ OH #12 38.51¢ PA #2 58.70¢ WV #16 35.70¢ VA #39 21.95¢ AR #40 21.80¢ LA #43 20.01¢ MS #48 18.40¢ AL #41 21.21¢ GA #17 35.15¢ FL #10 41.99¢ SC #42 20.75¢ NC #15 36.45¢ TN #30 27.40¢ TX #44 20.00¢ NY #7 45.96¢ VT #23 31.01¢ DC #36 23.50¢ MD #14 36.70¢ DE #37 23.00¢ NJ #11 41.40¢ CT #9 42.11¢ RI #18 35.00¢ MA #31 26.54¢ NH #35 23.83¢ ME #26 30.01¢ Did you know Texas has one of the lowest gasoline taxes in the country? Texas Motor Fuels Tax - Gasoline The State motor fuels tax has not been raised since 1991. Prop 12 - Bond funding that will address congested highways, rehabilitate bridges and improve connectivity between the state’s metropolitan areas. Prop 14 - Issued notes or borrowed money used to fund highway improvement projects. S t a t e T a x C o l l e c t e d P e r G a l l o n H o w t h e S t a t e T a x i s S p e n t Federal Tax* 18.40 ¢ State Tax 20.00 ¢ State Highway Funds 15.00 ¢ Public Education 5.00 ¢ Fed. Tax Per Gallon 18.40¢ 20.00¢ 38.40¢ Tax Per Gallon State of Texas Total Paid by Texans Source: Texas Comptroller (July, 2019) *Note: The federal tax on diesel fuel is 24.40 cents per gallon. Source: Tax Foundation (July, 2019) Source: TxDOT 2018 Pocket Facts Paying for Transportation Where Does the Money Come From? Prop 1 - A portion of existing oil and natural gas production taxes goes to the State Highway Fund. Prop 7 - A portion of sales and use taxes, motor vehicle sales and rental taxes funds right of way activity and repays the principal and interest on general obligation bonds. Total Referenced Propositions/ Ballot Measures
Transcript of Where Does the Money Come...
FY 2018TxDOTSourcesof Revenue
State Highway Fund
$10.43 BTexas Mobility Fund
$0.49 BProp 14 Interest
$0.43 BProp 12
$ 0.01 B
$11.36 B
Source:TxDOT 2018Pocket Facts
FY 2018 Sources of Revenuefor the State Highway Fund
FHWA ReimbursementsState Motor Fuels Tax
Vehicle Registration FeeProp 7Prop 1
Other Federal FundsLocal ReimbursementsOther Agency RevenueMiscellaneous Revenue
Lubricant Sales TaxConcessions and Toll Subaccounts
SIB 99 Loan Reimbursements and Interest Depository Interest
Prop 14
Total State Taxes and Fees on Gasoline
Lower HigherWA
#449.40¢
OR
#1336.82¢
CA
#161.20¢
NV
#1933.78¢
ID
#2033.00¢
MT
#2232.75¢
WY
#3424.00¢
UT
#2630.01¢ CO
#3822.00¢
AZ
#4619.00¢
AK
#5014.66¢
HI
#548.25¢
NM
#4718.88¢
OK
#4420.00¢
KS
#3324.03¢
NE
#2430.60¢
SD
#2830.00¢
ND
#3723.00¢
MN
#2928.60¢
IA
#2530.50¢
MO
#4917.42¢
IL
#354.98¢
WI
#2132.90¢
MI
#842.48¢
IN
#646.62¢
KY
#3226.00¢
OH
#1238.51¢
PA
#258.70¢
WV
#1635.70¢ VA
#3921.95¢
AR
#4021.80¢
LA
#4320.01¢
MS
#4818.40¢
AL
#4121.21¢
GA
#1735.15¢
FL
#1041.99¢
SC
#4220.75¢
NC
#1536.45¢TN
#3027.40¢
TX
#4420.00¢
NY
#745.96¢
VT
#2331.01¢
DC
#3623.50¢
MD
#1436.70¢
DE
#3723.00¢
NJ
#1141.40¢
CT
#942.11¢
RI
#1835.00¢
MA
#3126.54¢
NH
#3523.83¢ ME
#2630.01¢
Did you know Texas has oneof the lowest gasoline taxes in the country?
Texas Motor Fuels Tax - Gasoline
The State motor fuels tax has not been raised since 1991.
Prop 12 - Bond funding that will address congested highways, rehabilitate bridges and improve connectivity between the state’s metropolitan areas.
Prop 14 - Issued notes or borrowed money usedto fund highway improvement projects.
Stat
e Tax Collected Per Gallon
How th
e State Tax is Spent
Federal Tax*18.40¢
State Tax20.00¢
StateHighwayFunds15.00¢
PublicEducation
5.00¢
Fed. Tax Per Gallon
18.40¢ 20.00¢ 38.40¢Tax Per Gallon
State of Texas Total Paid by Texans
Source: Texas Comptroller (July, 2019)*Note: The federal tax on diesel fuel is 24.40 cents per gallon.
Source:Tax Foundation(July, 2019)
Source:TxDOT 2018 Pocket Facts
Paying for Transportation Where Does the Money Come From?
Prop 1 - A portion of existing oil and natural gasproduction taxes goes to the State Highway Fund.
Prop 7 - A portion of sales and use taxes, motorvehicle sales and rental taxes funds right of wayactivity and repays the principal and interest ongeneral obligation bonds.
Total
Referenced Propositions/ Ballot Measures
