|
Missouri Funding and Taxes
Meeting
Missouri's Future Mobility Needs | Highways
and Roads | Bridges | Travel | Congestion | Safety | Economic
Impact | Vehicle Operating Costs | Funding
and Taxes
Road and bridge improvements in
Missouri are funded through a number of revenue sources,
including the state motoer fuels tax and the Federal Highway
Trust Fund.
 |
Funding
|
- Missouri will get some $75 million less
transportation dollars from the federal government in the
upcoming fiscal year.
- In its most recent report to Congress, USDOT
reported that all levels of government (federal, state
and local)
would need to increase their investment by nearly $20 billion
- to $84 billion annually - just to maintain current operational
conditions on U.S. highways and bridges.
Taxes
- Missouri ranks 43rd nationally in state
tax revenue per capita and as a percent of personal income.
- Missouri’s state sales tax rate is
lowest among its eight neighboring states (state
comparison).
- Of the 46 states with state sales taxes,
only 10 have lower rates than Missouri’s.
- Missouri’s fuel tax is third-lowest
among its neighboring states.
Tax-Generated Funds
Revenue generated by Missouri's 17-cent-per-gallon fuel
tax, motor vehicle sales tax and license and registration
fees in fiscal year 2001.
| Fuel tax: |
$653.7 million |
| License fees: |
$305.3 million |
| Sales tax: |
$205.8 million |
| TOTAL Revenue: |
$1.16 billion |
How the money was distributed:
| MoDOT: |
$710.1 million |
| Other state agencies: |
$195.8 million |
| Cities: |
$142.6 million |
| Counties: |
$106.7 million |
| Taxpayer refunds: |
$9.6 million |
| TOTAL Expenditures: |
$1.16 billion |
|
