1 / 18

Financial Issues

Financial Issues. Motor Vehicle Fuel Tax (MVFT) Calculations Don Zimmer, Road Systems Inventory Manager. Financial Issues Motor Vehicle Fuel Tax (MVFT). Statutory Distribution (all entities) County Distribution (normal) County Arterial Preservation Program (CAPP)

zanthe
Download Presentation

Financial Issues

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Financial Issues Motor Vehicle Fuel Tax (MVFT) Calculations Don Zimmer, Road Systems Inventory Manager

  2. Financial IssuesMotor Vehicle Fuel Tax (MVFT) • Statutory Distribution (all entities) • County Distribution (normal) • County Arterial Preservation Program (CAPP) • introduction only – separate session discussion • Rural Arterial Program (RAP) • separate discussion session

  3. Financial Issues – MVFT (normal)County Gas Tax Distribution Formula • The current county gas tax formula (the “10-30-30-30” formula) has been in effect with only minor revisions since 1954. • The final report to the Legislature in 1954 discussed the formula and how it addresses “needs”. • The final report evaluated various combinations of the needs and concluded that the “10-30-30-30” was the most equitable allocation of funds. • There are four factors used in the calculations: • Equal Distribution (10%) • Equivalent Population (30%) • Annual Road Costs (30%) • Annual “Money” Needs (30%)

  4. County Gas Tax Distribution Formula (RCW 46.68.122-124) ANNUAL ROAD COST* EQUIVALENT POPULATION 1/39 TO EACH COUNTY Annual Maintenance Cost Unincorporated Population EQUAL 10% + + 25% Incorporated Population 1/25 Replacement Cost EQUIVALENT POPULATION 30% COST 30% * Includes all roads, bridges, ferries NEEDS 30% ANNUAL NEEDS Federal Forest Funds + + Annual Road Cost Actual County Road Levy Amount - + State Timber Excise Tax Island Counties Refund

  5. Financial Issues – MVFT (normal)County Gas Tax Distribution Formula #1 Equal Distribution Factor (10%) This is reflected in the “equal” portion. This category addresses needs that are independent of road use, road miles, or financial ability. This factor addresses the minimum fixed costs of “doing business”. 10% divided by 39 Counties = .2564%

  6. Financial Issues – MVFT (normal)County Gas Tax Distribution Formula #2 Equivalent Population Factor (30%) The best indicator of road use is the number of vehicle miles traveled. Sufficient and accurate traffic counts for all roads are not available, nor are they likely to be. The original basis for this information was “registered motor vehicles”. Since 1982, “equivalent population” is used for this portion of the formula.

  7. Financial Issues – MVFT (normal)County Gas Tax Distribution Formula #3 Annual Road Cost Factor (30%) The greater the number of road miles, the more it costs to construct and maintain the roads. The original formula based this on “trunk miles”, which were school bus and mail routes. Since 1982, the formula uses all road miles, divided into categories, with costs for each category, plus bridges.

  8. Financial Issues – MVFT (normal)County Gas Tax Distribution Formula #4 Annual Needs Factor (30%) The less the ability to raise local funds for roads, the greater is the need for state support. For purposes of the formula, the only independently-certified “local” road funds are: • Road Levy Proceeds • Forest Funds • Island County Refunds

  9. 2008 MVFT Needs Allocation Factors and Estimated Revenues are based on the June 2007 Revenue Forecast and January 1, 2007 Certified Roadlog Financial Issues - MVFT (normal) Allocation Factors and Revenue County% $$$ Adams 2.7214 $4,233,913 Asotin 1.0544 $1,640,420 Benton 2.1755 $3,384,610 Chelan 1.5837 $2,463,897 Clallam 1.3225 $2,057,526 Clark 4.5521 $7,082,089 Columbia 0.9694 $1,508,178 Cowlitz 1.5910 $2,475,254 Douglas 2.4419 $3,799,071 Ferry 1.1877 $1,847,806 Franklin 1.8838 $2,930,788 Garfield 0.8706 $1,354,466 Grant 4.2337 $6,586,727 Grays Harbor 1.5650 $2,434,804 Island 1.5460 $2,405,244 Jefferson 0.9512 $1,479,863 King 9.8993 $15,401,182 Kitsap 3.6183 $5,629,297 Kittitas 1.3258 $2,062,660 Klickitat 1.8247 $2,838,841 Lewis 2.2573 $3,511,873 County% $$$ Lincoln 2.7981 $4,353,242 Mason 1.5160 $2,358,570 Okanogan 2.2982 $3,575,505 Pacific 0.9236 $1,436,923 Pend Oreille 1.0785 $1,677,914 Pierce 7.5158 $11,692,969 San Juan 0.6188 $ 962,720 Skagit 2.2033 $3,427,861 Skamania 0.5774 $ 898,310 Snohomish 6.7665 $10,527,219 Spokane 6.1623 $9,587,214 Stevens 2.5204 $3,921,201 Thurston 3.4554 $5,375,859 Wahkiakum 0.5612 $ 873,107 Walla Walla 1.9750 $3,072,675 Whatcom 2.6605 $4,139,166 Whitman 2.8163 $4,381,557 Yakima 3.9774  $6,187,979 TOTAL    $155,578,500

  10. Financial Issues - MVFT (CAPP) Allocation Factors • Enacted in 1990 (RCW 46.68.090) • The CAPP is a direct allocation of gas tax funds used to preserve paved county arterials throughout Washington State • Funds to counties monthly based on eligible mileage data furnished and updated annually by CRAB

  11. Financial Issues - MVFT (CAPP) Allocation Factors and Revenue County % $$$ Adams 4.191 $716,765 Asotin 0.791 $135,265 Benton 2.341 $400,415 Chelan 1.825 $312,075 Clallam 0.990 $169,350 Clark 3.804 $650,560 Columbia 1.083 $185,245 Cowlitz 1.717 $293,655 Douglas 2.264 $387,160 Ferry 1.438 $245,970 Franklin 2.665 $455,775 Garfield 0.969 $165,735 Grant 6.451 $1,103,265 Grays Harbor 1.880 $321,500 Island 1.667 $285,105 Jefferson 0.998 $170,670 King 4.456 $762,040 Kitsap 2.438 $416,970 Kittitas 2.359 $403,485 Klickitat 2.596 $443,940 Lewis 2.199 $376,085 County % $$$ Lincoln 2.910 $497,650 Mason 2.030 $347,150 Okanogan 3.134 $536,010 Pacific 0.918 $156,970 Pend Oreille 1.283 $219,445 Pierce 5.461 $933,915 San Juan 0.665 $113,775 Skagit 2.731 $467,065 Skamania 0.662 $113,230 Snohomish 3.840 $656,700 Spokane 5.552 $966,580 Stevens 3.569 $610,335 Thurston 2.723 $465,745 Wahkiakum 0.608 $103,690 Walla Walla 2.996 $512,340 Whatcom 2.789 $477,035 Whitman 3.214 $549,710 Yakima 5.695 $974,025 TOTAL   $17,102,400 2008 MVFT-CAPP Allocation Factors and Estimated Revenues are based on the June 2007 Revenue Forecast and January 1, 2007 Certified Roadlog

More Related