Notice of Completion: The 10 Year Analysis for House Bill 2119 is Complete
Office of the Governor / Office of Financial Management sent this bulletin at 03/23/2022 03:40 PM PDT
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UPDATE: The 10 year analysis for HB 2119, titled AN ACT Relating to transportation resources, has been completed. The Office of Financial Management has identified this bill as requiring a ten-year projection of increased cost to the taxpayers
or affected fee payers.
Ten-year projection:
|
Fiscal |
ADR |
Aviation Fuel Tax |
Dealer Temporary Permit Fee |
DOL Services |
EDL/EID |
Fuel Tax |
License Plate Technology |
Photo Only/Replacement |
Plate Fees |
Special Fuel Tax |
Stolen Vehicle Check Fee |
Youth Ferry Fares & Surcharge |
Total |
|
|
|
||||||||||||||
|
2022 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
|
|
2023 |
$3,270,200 |
$1,453,400 |
$19,778,800 |
$474,100 |
$5,908,300 |
$22,795,000 |
$237,000 |
$1,529,800 |
$90,455,000 |
$9,199,000 |
$16,965,200 |
($1,383,233) |
$170,682,567 |
|
|
2024 |
$4,626,400 |
$1,584,700 |
$20,323,800 |
$955,300 |
$10,127,200 |
$92,589,000 |
$477,600 |
$1,982,600 |
$91,553,900 |
$37,399,000 |
$17,392,400 |
($1,526,571) |
$277,485,329 |
|
|
2025 |
$4,776,600 |
$1,586,100 |
$20,397,800 |
$974,500 |
$10,415,000 |
$93,489,000 |
$487,300 |
$1,997,600 |
$91,627,100 |
$38,006,000 |
$17,808,100 |
($1,584,006) |
$279,981,094 |
|
|
2026 |
$4,807,200 |
$1,586,300 |
$20,146,300 |
$990,000 |
$11,321,800 |
$94,181,000 |
$495,000 |
$2,011,900 |
$91,046,600 |
$38,608,000 |
$18,233,500 |
($1,695,177) |
$281,732,423 |
|
|
2027 |
$4,837,800 |
$1,584,400 |
$19,966,300 |
$998,000 |
$12,082,500 |
$94,810,000 |
$499,000 |
$2,026,200 |
$90,545,900 |
$39,339,000 |
$18,634,100 |
($1,695,554) |
$283,627,646 |
|
|
2028 |
$4,868,000 |
$1,578,300 |
$19,828,000 |
$1,005,800 |
$10,820,500 |
$95,443,000 |
$502,900 |
$2,038,600 |
$90,110,000 |
$40,036,000 |
$18,984,900 |
($1,746,161) |
$283,469,839 |
|
|
2029 |
$4,896,400 |
$1,567,400 |
$19,707,300 |
$1,011,900 |
$9,245,100 |
$96,072,000 |
$506,000 |
$2,051,900 |
$89,694,800 |
$40,766,000 |
$19,335,200 |
($1,796,439) |
$283,057,561 |
|
|
2030 |
$9,848,400 |
$1,560,300 |
$19,574,000 |
$1,017,600 |
$8,950,000 |
$96,704,000 |
$508,800 |
$2,065,000 |
$89,331,900 |
$41,509,000 |
$19,693,600 |
($1,848,470) |
$288,914,130 |
|
|
2031 |
$9,904,000 |
$1,559,200 |
$19,453,300 |
$1,024,200 |
$9,792,100 |
$97,339,000 |
$512,100 |
$2,077,800 |
$88,996,200 |
$42,269,000 |
$20,064,300 |
($1,903,043) |
$291,088,157 |
|
|
|
||||||||||||||
|
Total: |
$51,835,000 |
$14,060,100 |
$179,175,600 |
$8,451,400 |
$88,662,500 |
$783,422,000 |
$4,225,700 |
$17,781,400 |
$813,361,400 |
$327,131,000 |
$167,111,300 |
($15,178,654) |
$2,440,038,746 |
|
Utilities and Transportation Comm:
No direct revenue impacts because it does not change the fee percentage in the statute.
Ten-year projection prepared in consultation with the following agencies:
Utilities and Transportation Comm
Department of Licensing
Department of Transportation
Bill sponsors and contact information:
Representative Jake Fey, Prime Sponsor
Democrat
(253) 238-0511
jake.fey@leg.wa.gov
Representative Sharon Wylie
Democrat
(360) 786-7924
Sharon.Wylie@leg.wa.gov
Representative Marcus Riccelli
Democrat
(509) 866-4954
marcus.riccelli@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp