House Transportation members hear report showing T‑fund roughly 1% below forecast, debate letter to governor on revenue options

Logan Mover, an analyst with the Joint Fiscal Office, told the House Transportation Committee on May 22 that April transportation revenues were essentially on their monthly target but that year‑to‑date receipts remained below the January forecast.

“We are still, point 9% below or, $2,200,000,” Mover said, adding that the shortfall followed a larger gap reported in the prior month.

Committee members pushed to turn the revenue update into action. Chair (title used in the hearing as “chair”) and several representatives debated whether the committee should draft a letter to the governor and agencies before adjournment asking for policies that protect or increase transportation funding. The options discussed included reducing transfers out of the transportation fund to the education fund, considering modest revenue increases, or a combination of offsetting revenue and savings.

The Joint Fiscal Office presentation showed the Transportation Fund (T Fund) has grown about 5.1% year‑over‑year for the trailing 12 months but that, on the forecast adopted in January, cumulative collections were roughly 0.9%—about $2.2 million—below target. Mover also noted a five‑year compound annual growth rate…