STIF Allocation Estimate - October 2020

ODOT has completed an update to the Statewide Transportation Improvement Fund (STIF) allocation estimate. At the time of this forecast, many different pandemic-related mitigation efforts have been made, such as Governor Brown’s Stay Home, Save Lives order which can be found at this link: Stay Home, Save Lives, a mandate to wear face coverings which can be found at this link: Statewide Mask, Face Shield, Face Covering Guidance, and delayed or phased timing for counties entering preliminary reopening phases. Additionally, a number of other factors contribute to tax collection impacts such as company policies on working from home and vacation time payouts versus layoffs. October’s forecasted revenue is 8.38 percent higher than the December 2018 revenue estimate used to build the 19-21 STIF Formula Plans. This forecast includes updated payroll shares for 2019 and is intended to be used as the figures for 21-23 STIF formula plans.