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forecast period is expected to be negative expected to be $70.1 million, a 5.8 percent <br /> <br /> through FY09, and then positive through decrease over FY07. Revenue growth is <br /> FY14.Overall, an average annual growth rate expected to average 0.1 percent per year <br /> of 0.9 percent is expected for FY08 through through the forecast period. <br /> FY15. The shift from afour- to eight-year <br /> renewal cycle for commercial and non- Figure 11: Vehicle Title Transfer Revenues <br /> commercial licenses along with SB 1080 <br /> largely accounts for the negative growth ~ 16°°'° <br /> exhibited during the FY07-FY09 period. The 12°% <br /> large increase in FY 13 is the result of the ~ <br /> legislation affecting the change in the driver ~ $50- 4°% 3 <br /> ° <br /> ~ $40 - m <br /> license renewal cycle completing the ~ ° <br /> c -40% 3 <br /> <br /> transition. ~ $30- <br /> $20 - <br /> What remains to be seen is the long-term $10- <br /> effect that SB 1080 will have on driver <br /> 2000 2005 2010 2015 <br /> licenses and ID Cards. With each additional Fiscal Year <br /> forecast we will know more and be able to <br /> 0 Vehicle Title Transfer Revenues ~ Percentage Change <br /> refine our forecast estimates. <br /> Figure 10: Non-Commercial Driver <br /> License Renewal Revenues <br /> 60% <br /> 40% <br /> c ~ <br /> v-°- 20% <br /> J ~ $12 m <br /> L <br /> n <br /> .L N ~ <br /> ~ m $10 ~ <br /> co c f° <br /> m <br /> -20% n <br /> E m c~ <br /> U ~ -40% m <br /> ' c <br /> c ~ <br /> 0 <br /> Z ~ $6 <br /> $4 <br /> 2000 2005 2010 2015 <br /> Fiscal Year <br /> ~ Non-Commercial DriverLicense Renewal Revenues ~ Percentage Change <br /> Vehicle titles include a variety of title <br /> <br /> transactions. These span new light and heavy <br /> vehicle purchases, vehicles that are new to <br /> Oregon due to in-migration, and used vehicle <br /> <br /> transactions, as well as salvage titles and all <br /> other DMV transactions not elsewhere <br /> included. The largest component of the titles <br /> section is title transfers, accounting for over <br /> 50 percent of revenues in this group. Vehicle <br /> <br /> title revenues, as shown in row 3 of Table 4, <br /> for FY07 are $74.4 million, a 2.6 percent <br /> decrease from FY06. FY08 revenues are <br /> 15 <br /> <br />