FY 23 Approved Budget Book

HIGHWAYS FUND

FINANCIAL NOTES:

FY 22

FY 23

CHANGE

EXPLANATION OF INCREASE/DECREASE - REVENUES

3,000,000 3,000,000

0

STATE HIGHWAYS USERS TAX Motor vehicle fuel tax, motor vehicle registration fees, a share of the motor vehicle titling tax and a share of the corporate income tax are designated by the State of Maryland as Highways User Revenues. The State shares these revenues with the counties and municipalities to help fund the construction and maintenance of local roads. The distribution to subdivisions is derived from a formula based on locally maintained road mileage and vehicle registrations. Each year the Maryland Department of Transportation's State Highway Administration provides the County with estimates of the Highways User Tax. For Fiscal Year 2023 there is no adjustment to to our estimate from FY 22 of $3,000,000.

State Highways Users Tax Trend

3,000,000

FY 23 Estimated

3,000,000

FY 22 Estimated

2,716,511

FY 21 Audited

2,553,884

FY 20 Audited

0

1,000,000

2,000,000

3,000,000

4,000,000

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