|
Eugene Motor Vehicle Fuel Tax Yield Estimates
<br /> as of January 12, 2005
<br /> ' 3-cent tax level Extrapolated
<br /> j Month Earned (based on actuals) to a 5-cent tax
<br /> FY2004
<br /> } July n/a n/a
<br /> August $ 168,787 $ 281,312
<br /> September 220,544 367,573
<br /> October 111,005 185,008
<br /> November 259,810 433,017
<br /> ~ December 158,288 263,813
<br /> January 135,641 226,068
<br /> February 199,081 331,802
<br /> March 206,884 344,807
<br /> i
<br /> April 178,526 297,543
<br /> May 188,115 313,525
<br />
<br /> ~ June 180,827 301,378
<br />
<br /> I
<br /> FY04 Actual Receipts (11 months) $ 2,007,507.60
<br /> First 12-months' actual receipts $ 2,171,494.60 $ 3,619,.157.67 5 cent estimate; July included
<br /> $ 723,831.53 per penny yield, first 12 months
<br /> FY2005
<br /> July 163,987 273,312
<br /> August 192,082 320,137
<br /> September 197,192 328,653
<br /> October 185,369 308,948
<br /> November. 163,579 272,632
<br /> December
<br /> January
<br /> February
<br /> March
<br /> April
<br /> May
<br /> June
<br /> Total FY05 Receipts to Date $ 902,209.42
<br /> Average Actual Monthly Receipts $ 181,857
<br /> Per penny per year yield over the life of the tax $ 727,429
<br /> Notes and Assumptions:
<br /> The gas tax was implemented on Aug 1, 2003.
<br /> ODOT admininstration fees are based on their costs incurred and would not be impacted by a rate increase.
<br /> ODOT transfers the gas taxes no more than 45 days past the end of the month in which they are earned.
<br /> Proposed methodology for FY06 budget revenue estimates:
<br /> Use a $725,000 per penny revenue yield projection for FY06, for an annual MVFT revenue estimate of $3,625,000.
<br /> This represents a slightly higher revenue estimate than actual experience over the first 12 months' of
<br /> collection, but is a slightly lower estimate than has been experienced over the life of the program (16 months).
<br /> _ _
<br />
<br />
|