State and Federal Revenue Budgets -6a

State and federal revenue budgets help MoDOT staff do a better job of budgeting limited funds for its operations and capital program.

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Write Up:

For fiscal year 2025, the actual state revenue for roads and bridges from motor fuel taxes, motor vehicle sales taxes, motor vehicle driver’s licensing fees and miscellaneous fees was 12.1% more than the budgeted amount. This was due to motor vehicle sales taxes, cost reimbursements from the Illinois Department of Transportation for Chester Bridge and interest income being higher than projected. The positive variance of 1.1% for non-highway modes is attributed to higher-than-projected motor vehicle sales tax revenue in the State Transportation Fund.

The actual federal revenue for roads and bridges was 0.7% more than budgeted for federal fiscal year 2024. The negative variance of 68.6% for non-highway modes is attributable to the budget containing our spending authority for projects that take multiple years to complete.

The largest source of transportation revenue is from the federal government. Funding is received through various federal transportation agencies, including Federal Highway, Transit, Aviation and Railroad Administrations. The previous transportation funding act, Fixing America’s Surface Transportation Act, authorized federal programs for the five years from 2016 to 2020. It expired Sept. 30, 2020, but was extended for another year by continuing resolution. In November 2021, the federal transportation bill, the Infrastructure Investment and Jobs Act, was reauthorized. The new bill is estimated to increase federal funding to Missouri by approximately 25% from 2022 to 2026. Federal revenue for other modes is reliant on the timing of project expenditures.

The primary source of federal and state revenue is the motor fuel tax. Before the passage of Senate Bill 262, the motor fuel tax rates had not changed in over 20 years. During the same time period, the cost of materials and labor doubled or even tripled in some areas. The passage of Senate Bill 262 increases the state's previous rate of 17 cents per gallon by 2.5 cents per gallon annually over five years. The increases began Oct. 1, 2021.

Purpose of the Measure:

This measure shows the precision of state and federal revenue budgets.

Measurement and Data Collection:

State revenue for roads and bridges includes motor fuel taxes, motor vehicle and driver licensing fees, motor vehicle sales taxes paid by highway users, interest earnings and miscellaneous revenues. State revenue for other modes includes motor vehicle sales taxes, aviation fuel taxes, jet fuel sales taxes, motor vehicle licensing fees, railroad assessments and appropriations from General Revenue and interest earnings. The measure provides the cumulative, year-to-date percent variance of actual state revenue versus budgeted state revenue by state fiscal year. Federal revenue for roads and bridges is the amount of federal funds available to commit in a federal fiscal year. Federal funds are distributed to states in accordance with federal law. Federal revenue for other modes is the amount reimbursed to MoDOT for expenses incurred in a state fiscal year.

The targets for this measure are set by internal policy and will remain fixed unless the policy changes, regardless of performance.
 

Result Driver

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Todd Grosvenor
Todd Grosvenor
Title
Financial Services Director
Department
Financial Services
Contact Info

Email: Todd.Grosvenor@modot.mo.gov

Phone: (573) 751-4626

Measurement Driver

Contact Photo
janel photo
Janel Lueckenotte
Title
Assistant Financial Services Director
Department
Financial Services
Contact Info

Email: janel.lueckenotte@modot.mo.gov

Phone: 573-522-8099