Budgeting and Appropriations | The state's operating budget is annual, and the capital budget is biennial; fiscal year begins July 1. |
Bonding or Pay-as-You-Go | Combination of bonding and pay-as-you-go financing. |
State-Level Funding Provided for DOT Budgets | FY 2011 (approved): $1.81 billion |
Allocation of Federal Transportation Funds to the DOT | Federal highway funds are deposited directly into the State Road Fund per statute, without legislative involvement. The State Road Fund is authorized by the Missouri Highways and Transportation Commission. Federal funds for highway safety and other modes-including transit, rail and aviation must be appropriated by the General Assembly at the program or category level. |
Allocation of State Transportation Funds to the DOT | Various state funds flow directly to MoDOT per statute, without legislative involvement, for construction and maintenance of highways and bridges. The funding for other modes is appropriated by the General Assembly at the program or category level. |
Traditional State Funding and Finance for Highways | Fuel taxes; motor vehicle/rental car sales taxes; vehicle registration/license/title fees; truck weight fees; interest income; revenue bonds. |
State Funding and Finance for Other Modes | Rail: Railroad regulation fees. Aviation: Sales tax on jet fuel; aviation fuel tax; interest income. Ports: General revenue. Transit, rail, waterways and aviation also are funded by 2 percent of half the proceeds from the state sales tax on motor vehicles, trailers, motorcycles, mopeds and motortricycles. General revenue also may be appropriated to these uses by the General Assembly. |
Innovative Transportation Funding and Finance | GARVEE bonds; Build America Bonds; state infrastructure bank (federally capitalized); PPPs (authorized in statute with legislative and voter approval requirements); design-build (authorized in statute, used as a component of three projects according to MoDOT); creation of nonprofit, quasi- public entities; advance construction; toll credits or "soft match." Traffic camera fees are used only at the local level. |
Dedicated/Restricted State Funds and Revenues | The state constitution dedicates use of all motor vehicle-related taxes and fees-including fuel taxes and license fees and less certain set-asides-to roads, bridges and tunnels and prohibits any state revenues from highway users that are allocated to the State Road Fund from being diverted from highway purposes and uses (Mo. Const. art. IV, §30(b)) and §30(d)). Fuel tax proceeds are distributed by constitutional formulas to the State Road Fund, cities and counties. The same section of the constitution also dedicates half the proceeds from the state sales tax on motor vehicles, trailers, motorcycles, mopeds and motortricycles to highway and transportation use. These revenues are distributed to counties (10 percent), cities (15 percent), the State Road Fund (73 percent) and the State Transportation Fund (2 percent); the State Transportation Fund also supports other transportation modes such as rail, transit, waterways and aviation. The other half of the proceeds from the state sales tax on motor vehicles, trailers, motorcycles, mopeds and motortricycles is constitutionally directed to the State Road Bond Fund for the repayment of bonded debt issued by the Highways and Transportation Commission (Mo. Const. art. IV, §30(b)). The Aviation Trust Fund, which collects a 9-cent-per-gallon tax on aviation fuel and a portion of the state sales tax on jet fuel (Mo. Rev. Stat. §155.090 and §144.805), is dedicated to aviation purposes (Mo. Rev. Stat. §305.230). General revenue is legislatively appropriated and restricted by language. |
DOT Authorized to Retain Surplus Funds | Yes, for certain funds. The remaining balance of the State Road Fund, which is dedicated to roads and bridges, is used and expended at the sole discretion of and under the supervision and direction of the Highways and Transportation Commission (Mo. Const. art. IV, §30(b)). All other funds with remaining balances also are authorized to retain excess funds, with the exception of the state Grade Crossing Safety Account, which may be swept at the end of a biennium if funds are not already obligated to future projects. |
Legislative Approval Required to Move Funds Between Projects | No legislative approval is required. |
Transportation Funding Allocations through Local Aid | The state constitution allocates portions of the state motor fuel tax and a state sales tax on vehicles to cities and counties. After set-asides, 15 percent of the proceeds of the fuel tax are deposited in the County Aid Road Trust Fund. A portion of this fund is distributed to cities not within any county, and the remainder to counties by a formula based on road mileage and rural land valuation; these funds are dedicated to the construction, reconstruction, maintenance and repairs of roads, bridges and highways. Fifteen percent of fuel tax proceeds goes to cities, towns and villages for roads and street purposes, and are distributed by a population-based formula (Mo. Const. art. IV, §30(a)). Half the proceeds from the state sales tax on motor vehicles, trailers, motorcycles, mopeds and motortricycles are constitutionally dedicated to highway and transportation use. Of this half, 10 percent is distributed to counties and 15 percent to cities as provided in section 30(a) (Mo. Const, art. IV, §30(b)). |