Transportation Fund Outlook: 1997 - 1998

(Dollars in Millions)

1996 Actual 1997 Approp. 1998 Est.
Current Law Revenues 155.9 156.3 153.3
Purchase and Use Tax @ 5% 0.0 0.0 8.6
DMV License Plate Fund 0.0 0.0 0.7
Fish & Wildlife Transfer (0.4) 0.0 (1.1)
Direct Applications & Reversions 0.7 1.3 0.5
Total Revenue: 156.3 157.6 162.0

Base Appropriations

155.7

156.4

160.3
Pay Act 1.4 0.0 1.2
Budget Adjustment 0.2 0.4 0.0
Total Spending: 157.3 156.8 161.5

Operating Surplus (Deficit)

(1.0)

0.8

0.5
Carryforward Balance 0.0 0.0 0.0
Transfer (to)/from General Fund (6.7) 0.0 0.0
Transfer (to)/from Reserve 8.1 (0.4) (0.1)
Transfer to Other Fund (0.4) (0.4) (0.4)
Ending Balance: 0.0 0.0 0.0
Stabilization Reserve: 7.7 8.1 8.2

Cum. Ending Bal. + Reserve

7.7

8.1

8.2

Source: Governor’s Executive Summary (1/14/97); Emergency Board Official Forecast (1/15/97)