where does the money come from?ftp.dot.state.tx.us/pub/txdot-info/tpp/2050/money-from.pdf · paying...

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FY 2018 TxDOT Sources of Revenue State Highway Fund $ 10.43B Texas Mobility Fund $ 489.9M Prop 14 Interest $ 429.6M Prop 12 $ 9.8M $ 11.36B Total Source: TxDOT 2018 Pocket Facts FY 2018 Sources of Revenue for the State Highway Fund FHWA Reimbursements State Motor Fuels Tax Vehicle Registration Fee Prop 7 Prop 1 Other Federal Funds Local Reimbursements Other Agency Revenue Miscellaneous Revenue Lubricant Sales Tax Concessions and Toll Subaccounts SIB 99 Loan Reimbursements and Interest Depository Interest Prop 14 Total State Taxes and Fees on Gasoline Lower Higher WA #3 49.40¢ OR #12 36.77¢ CA #2 55.22¢ NV #17 33.78¢ ID #18 33.00¢ MT #20 32.25¢ WY #34 24.00¢ UT #26 29.41¢ CO #39 22.00¢ AZ #46 19.00¢ AK #50 14.65¢ HI #4 47.88¢ NM #47 18.88¢ OK #44 20.00¢ KS #33 24.03¢ NE #27 28.90¢ SD #25 30.00¢ ND #36 23.00¢ MN #28 28.60¢ IA #23 30.50¢ MO #49 17.35¢ IL #10 37.32¢ WI #19 32.90¢ MI #6 44.13¢ IN #8 42.90¢ KY #32 26.00¢ OH #29 28.01¢ PA #1 58.70¢ WV #13 35.70¢ VA #38 22.40¢ AR #40 21.80¢ LA #43 20.01¢ MS #48 18.79¢ AL #41 20.91¢ GA #21 31.59¢ FL #9 41.36¢ SC #42 20.75¢ NC #14 35.35¢ TN #31 26.40¢ TX #44 20.00¢ NY #5 45.76¢ VT #22 31.22¢ DC (#36) 23.50¢ MD #15 35.30¢ DE #36 23.00¢ NJ #11 37.10¢ CT #7 43.80¢ RI #16 34.00¢ MA #30 26.54¢ NH #35 23.83¢ ME #24 30.01¢ Did you know Texas has one of the lowest gasoline taxes in the country? Texas Gasoline Tax Texans pay 38.4¢ of gasoline tax per gallon. 18.4¢ is federal tax and 20¢ is state tax. The state gasoline tax is part of the state motor fuels tax, one source of revenue for the State Highway Fund. Prop 12 - Bond funding that will address congested highways, rehabilitate bridges and improve connectivity between the state’s metropolitan areas. Prop 14 - Issued notes or borrowed money used to fund highway improvement projects. S t at e T a x C o l l e c t e d P e r G a l l o n H o w t h e s t a t e t a x i s s p e n t Federal Tax 18 ¢ State Tax 20 ¢ State Highway Funds 15 ¢ Public Education 5 ¢ Fed. Tax Per Gallon 18.4¢ 20.00¢ 38.40¢ Tax Per Gallon State of Texas Total Paid by Texans Source: TxDOT 2018 Pocket Facts Note: The state gasoline tax is part of the state motor fuels tax, one source of revenue for the State Highway Fund. Source: Tax Foundation (August, 2018) Source: TxDOT 2018 Pocket Facts Paying for Transportation Where Does the Money Come From? Prop 1 - A portion of existing oil and natural gas production taxes goes to the State Highway Fund. Prop 7 - A portion of sales and use taxes, motor vehicle sales and rental taxes funds right of way activity and repays the principal and interest on general obligation bonds.

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Page 1: Where Does the Money Come From?ftp.dot.state.tx.us/pub/txdot-info/tpp/2050/money-from.pdf · Paying for Transportation Where Does the Money Come From? Prop 1 - A portion of existing

FY 2018TxDOTSourcesof Revenue

State Highway Fund

$10.43BTexas Mobility Fund

$489.9MProp 14 Interest

$429.6MProp 12

$9.8M

$11.36BTotal

Source:TxDOT 2018Pocket Facts

FY 2018 Sources of Revenuefor the State Highway Fund

FHWA ReimbursementsState Motor Fuels Tax

Vehicle Registration FeeProp 7Prop 1

Other Federal FundsLocal ReimbursementsOther Agency RevenueMiscellaneous Revenue

Lubricant Sales TaxConcessions and Toll Subaccounts

SIB 99 Loan Reimbursements and Interest Depository Interest

Prop 14

Total State Taxes and Fees on Gasoline

Lower HigherWA

#349.40¢

OR

#1236.77¢

CA

#255.22¢

NV

#1733.78¢

ID

#1833.00¢

MT

#2032.25¢

WY

#3424.00¢

UT

#2629.41¢ CO

#3922.00¢

AZ

#4619.00¢

AK

#5014.65¢

HI

#447.88¢

NM

#4718.88¢

OK

#4420.00¢

KS

#3324.03¢

NE

#2728.90¢

SD

#2530.00¢

ND

#3623.00¢

MN

#2828.60¢

IA

#2330.50¢

MO

#4917.35¢

IL

#1037.32¢

WI

#1932.90¢

MI

#644.13¢

IN

#842.90¢

KY

#3226.00¢

OH

#2928.01¢

PA

#158.70¢

WV

#1335.70¢ VA

#3822.40¢

AR

#4021.80¢

LA

#4320.01¢

MS

#4818.79¢

AL

#4120.91¢

GA

#2131.59¢

FL

#941.36¢

SC

#4220.75¢

NC

#1435.35¢TN

#3126.40¢

TX

#4420.00¢

NY

#545.76¢

VT

#2231.22¢

DC

(#36)23.50¢

MD

#1535.30¢

DE

#3623.00¢

NJ

#1137.10¢

CT

#743.80¢

RI

#1634.00¢

MA

#3026.54¢

NH

#3523.83¢ ME

#2430.01¢

Did you know Texas has oneof the lowest gasoline taxes in the country?

Texas Gasoline Tax

Texans pay 38.4¢ of gasoline tax per gallon. 18.4¢ is federal tax and 20¢ is state tax.The state gasoline tax is part of the state motor fuels tax, one source of revenue for the State Highway Fund.

Prop 12 - Bond funding that will address congested highways, rehabilitate bridges and improve connectivity between the state’s metropolitan areas.

Prop 14 - Issued notes or borrowed money usedto fund highway improvement projects.

Stat

e Tax Collected Per Gallon

How th

e state tax is spent

Federal Tax18¢

State Tax20¢

StateHighwayFunds15¢

PublicEducation

Fed. Tax Per Gallon

18.4¢ 20.00¢ 38.40¢Tax Per Gallon

State of Texas Total Paid by Texans

Source: TxDOT 2018 Pocket FactsNote: The state gasoline tax is part of the state motorfuels tax, one source of revenue for the State Highway Fund.

Source:Tax Foundation(August, 2018)

Source:TxDOT 2018 Pocket Facts

Paying for Transportation Where Does the Money Come From?

Prop 1 - A portion of existing oil and natural gasproduction taxes goes to the State Highway Fund.

Prop 7 - A portion of sales and use taxes, motorvehicle sales and rental taxes funds right of wayactivity and repays the principal and interest ongeneral obligation bonds.