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Local Share of MVET Transfer Provisions
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<br />The Board of Directors of Minnesota Good Roads adopted a
<br />resolution recommending the 1989 Legislature remove the 1991
<br />"sunset” provision included in the 1988 Transportation Funding
<br />Bill so that any MVET revenue continue to go to the Highway User
<br />Tax Distribution Fund (which includes cities and counties) and
<br />not only to trunk highways and transit.
<br />Below and on reverse side of this sheet are charts detail
<br />ing the effective distribution of MVET funds before and after
<br />the "sunset” date in the current law.
<br />MOTOR VEEICLE EXCISE TAX REVENUES WITH AND WITHOUT LOCAL
<br />GOVERNMENT SHARE
<br />_ _ _ _(F. Y. 1992 and 1993)
<br />1992 1993
<br />With Local Without Local With Local Without Local
<br />Gov*t Share Gov't Share Gov't Share Gov't Share
<br />Total HVET Revenue 252,385,000 252,385,000 263,4^0,000 263,490,000
<br />MV5T Revenue to Transportation (30S)75,715,500 75,715,500 79,047,000 79,047,000
<br />Highway Share (75X)56,786,625 56,786,625 59,285,250 59,285,250
<br />Trunk Highway Fund 34,923,774 56,786,625 '36,460,429 59,285,250
<br />County State Aid Fund 16,808,841 0
<br />17,548,434 0
<br />-- County Highways 16,329,789 0 17,048,304 0
<br />— Town Roads and Bridges 479,052 0 500,130 0
<br />Municipal State Aid Fund 5,054,010 0 5,276,387 0
<br />Total Local Share of M.V.E.T.21,862,851 0 22,824,821 0
<br />NOTE — "With Local Government Share” means the distribution of M.V.E.T. revenue
<br />after f.y. 1991 as it would be if the constitutional formula (62-29-9)
<br />were retained. "Without Local Government Share" means the distribution
<br />of M.V.E.Ti revenue with the entire highway share going to the Trunk High
<br />way Fund after f.y. 1991* as is provided in current law.
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