| Date Requested:February 08, 2005 Time Requested:04:24 PM |
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| FUND(S) 3228 | |||
|---|---|---|---|
Sources of Revenue | |||
| Special Fund | |||
Legislation creates:
Neither Program nor Fund | |||
Effect this measure will have on costs and revenues of state government.
| This proposal would increase the cost of a class DS Bear Damage Stamp from $4 to $10. Implementing this proposal would not increase costs to the State. Revenues generated from the sale of the stamp would increase $129,391 per year.
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| Over-all effect |
| Effect of Proposal | Fiscal Year | ||
|---|---|---|---|
| 2005 Increase/Decrease (use"-") |
2006 Increase/Decrease (use"-") |
Fiscal Year (Upon Full Implementation) | |
| 1. Estmated Total Cost | 0 | 0 | 0 |
| Personal Services | 0 | 0 | 0 |
| Current Expenses | 0 | 0 | 0 |
| Repairs and Alterations | 0 | 0 | 0 |
| Assets | 0 | 0 | 0 |
| Other | 0 | 0 | 0 |
| 2. Estimated Total Revenues | 0 | 129,391 | 129,391 |
|
3. Explanation of above estimates (including long-range effect):
Current Sales Information: Number Sold x Cost of DS = Current Revenue 25,824 x $4 = $103,296 Estimated Sales Under This Proposal = ((Current Resident Sales x Proposed Cost of DS) x 90%) = Estimate Resident Revenue ((Current Nonresident Sales x Proposed Cost of DS) x 95% = Estimated Nonresident Revenue Estimated Resident Revenue + Estimated Nonresident Revenue = Estimated Proposal Revenue Estimated Proposal Revenue Current Revenue = Net Increase in Revenue ((25,283 X $10) x 90%) = $227,547 Estimated Resident Revenue ((541 x $10) x 95%) = $5,140 Estimated Nonresident Revenue $227,547 + $5,140 = $232,687 Estimated Proposal Revenue $232,687 - $103,296 = $129,391 Net Increase in Revenue |