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Published byPolly Ball Modified over 9 years ago
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REGISTRATION ENFORCEMENT
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Maine Income Tax loss Out of State Plate OWNER DRIVERS LICENSE Excise Taxes Income Tax Other Fees Tracking, Added to Roles Average Income Tax Paid = 4500.00 Average Excise tax (100 to 800) = 250.00 Drivers license cost = 40.00 Hunting Licenses, Inspections, Incidentals = 150.00 Town Loss State Loss Per Person = $250.00 for Town and $4500 for State of Maine Multiply this times the average total of violators per Town = 350 Excise taxes loss per Town, 350 x 200.00 = $87,500 per year State income tax is 350 x 4500 = $1,570.000 x 21 border towns. The loss is staggering. Add sales tax loss and its even higher Uninsured Motorists big risk to Maine Residents. Sales Tax
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Registration Fees and Taxes Collected 1-1-2013 to 5-31-2013 Total 342 $43,698.52 $40,020.98 Total $83.719.50
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Registration Fees and Taxes Collected 1-1-2014 to 5-31-2014 Total 514 $60,160.65$52.318.37 Total $112,479.02
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Compare 2013 to 2014 Town Collected 2014 = $60,160.65 2013 = $43,698.52 difference $16,462.13
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Collected vs. Constable Total Cost of Constable and Supplies = $ 4054.66 Town Voted Constable Budget = $ 14,000.00 Total budget not used as of 5-29-2014 = $ 9948.00 Cost Dollar per Dollar 45.00 per hour x 90 hours = $4054.66 Recovered $16,462.13
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Cars Registered 2013 vs. 2014 2013 1-1-2013 to May 29, 2013 = 342 Vehicles Registered 2014 1-1-2014 to May 29,2014 = 514 Vehicles Registered Total new vehicles registered was 172 vehicles registered. Average Cost $95.71 collected per vehicle.
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RATIO For EVERY $100.00 LEBANON SPENT LEBANON RECEIVED $400.00 Subtract the Cost of Enforcement the Total Earned =$ 300.00
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Fees Collected 2013 total fees $608.010.50 2014 total fees $644.068.63 Difference from 2014 vs. 2013 Based on January to may each year. 1-1-2014 to 5-29-2014 = $36,058.13 for the State = $16,462.13 Collected for Lebanon
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INCOME TAX 172 new residents 172 multiplied by average of $4500.00 in income tax to the State is: $774.000.00
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These 172 new vehicles translate into: Income Tax Insured Vehicles Possible Dog Licenses Excise taxes for Lebanon Fairness
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SYNOPSIS Enforcement and Supplies Pay $4054.66 Lebanon made $12407.47 Maine earned $13743.12 Potential Income Tax $774.000 172 newly insured vehicles $40.00 per new license fees
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NEXT YEAR PROJECTION 172 vehicles register without enforcement. Excise taxes drop slightly year to year until the vehicle is a certain age. No enforcement on these 172, so the Profit next year is all the Town of Lebanon’s. Est. $15,000.00 New residents with NH plates continue to move in. Loose some who already have registered due to income tax.
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Lebanon Budgeted $14,000.00 Enforcement brought in $16,462.13 Most of this would not have come in without enforcement. Constable Budget was $4054.66 ( as of 5-29-2014 ) $30,462.13 SUBTRACT $4054.66 = $26407.47 WHAT DID IT REALLY COST
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FINAL RESULT LEBANON HAS MANY NEW MAINE PLATES AT NO COST TO LEBANON SINCE MANY OF THESE VEHICLES WOULD NOT HAVE REGISTERED. MANY MORE LEFT TO ENFORCE, MANY OUT OF STATE VEHICLES STILL EXIST IN LEBANON AFTER SUMMER SEASON, ENFORCEMENT SHOULD RESUME.
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ADDED BENEFITS EXTRA SET OF EYES WATCHING COLLECTION OF OTHER FEES FAIRNESS IN EQUITY SAFER ROADS BASED ON INSURANCE BAD DRIVERS CAN’T GET INSURANCE AND MOVED OUT OF STATE. LOWER TAXES, OR EXTRA MONEY FOR PROGRAMS
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THANK YOU
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