Presentation Briefing on Missouri Constitutional Amendmnt 3报告介绍了密苏里宪法修正案3.pptVIP

Briefing on Missouri Constitutional Amendment 3 East-West Gateway Council of Governments September 2004 Shall the Missouri Constitution be amended to require that all revenues from the existing motor vehicle fuel tax (less collection costs) be used only for state and local highways, roads and bridges, and also require that vehicle taxes and fees paid by highway users be used only for constructing and maintaining the state highway system (less collection costs, refunds and highway patrol law enforcement costs), except that up to half of such vehicle taxes and fees, phased in over four years, will go into a state road bond fund to repay state highway bonds? Modifies Article IV, Section 30 Reallocates existing funds; no revenue increases Does not affect funding for Highway Patrol or School District Trust Fund 3 key changes Limits Dept. of Revenue collection costs Maximum 3% share of highway user fees MoDOT receives additional $30 million a year Revenues go to State Road Fund Eliminates payments to other state agencies Appropriations for services to Office of Administration, Auditor, Treasurer, DNR MoDOT receives additional $4.5 million a year Revenues go to State Road Fund Reallocates one-half of motor vehicle sales tax Directs one-half of motor vehicle sales tax from general revenue to MoDOT, phased in over 4 years MoDOT receives additional $140 million a year by FY 2009 Revenues go to State Road Bond Fund Current Motor Vehicle Sales Tax – 4.225% Change in Motor Vehicle Sales Tax – 4.225% MoDOT gains $175 million in new funding $35 million a year to State Road Fund $140 million a year to State Road Bond Fund No decisions on the use of the new funding .225% tax - Conservation Commission Fund 2.0% tax – Transportation 10% to counties 15% to cities 1% State Transportation Fund 74% State Road Fund 2.0% tax – various 25% tax – School District Trust Fund 1.75% tax – General Revenue .225% tax - Conservation Commission Fund 2.0% tax – Tran