DOF Releases Statewide FY 2017-18 Highway Users Tax Account Estimates
Jan 17, 2017
It also includes revised estimates for the current FY 2016-17. Based on these statewide estimates CaliforniaCityFinance.com has computed city-by-city estimates. County estimates will follow shortly.
The California Municipal Revenue Sources Handbook contains a full explanation of the HUTA allocations. This publication is available for purchase on the League’s website.
There are a few items of particular importance to cities including:
The California Municipal Revenue Sources Handbook contains a full explanation of the HUTA allocations. This publication is available for purchase on the League’s website.
There are a few items of particular importance to cities including:
- DOF estimates that current year FY 2016-17 HUTA allocations will be about 4.6 percent lower than previously estimated (May 2016).
- DOF estimates base HUTA allocations (Streets & Highways Code Sec. 2104-2108) to grow by just 0.3 percent in FY 2017-18 over the prior year.
- DOF estimates revenue from the Streets & Highways Code Sec. 2103 variable (price-based) rate to increase by 68.34 percent from $155.9 million in FY 2016-17 to $262.4 million in FY 2017-18. This forecasts action by the Board of Equalization next month to increase the price based gasoline rate from 9.8 cents per gallon to 11.7 cents per gallon, effective July 1.
- Based on these estimates, combined HUTA funding (Streets & Highways Code Sec. 2103-2108) for cities and counties would increase 8.5 percent in FY 2017-18 over the revised current year estimate.