Table 5: Federal Highway Trust Fund: Ratio of Deposits to Apportionments/Allocations
1993 | Since 1956 | |||||
millions of dollars | ||||||
STATE | Payments | Apportionments | Ratio | Payments | Apportionments | Ratio |
Michigan | $538.8 | $536.6 | 1.00 | $9,844.3 | $8,873.4 | .90 |
Massachusetts | $298.6 | $1,080.7 | 3.62 | $5,042.0 | $8,474.8 | 1.57 |
Illinois | $590.3 | $768.2 | 1.30 | $11,234.3 | $12,578.3 | 1.12 |
Ohio | $622.5 | $677.1 | 1.09 | $11,993.8 | $11,035.1 | .92 |
Indiana | $412.1 | $414.6 | 1.01 | $7,112.0 | $6,249.9 | .88 |
NATIONAL | $16,046.3 | $20,333.2 | 1.27 | $263,585.2 | $302,115.4 | 1.15 |
Note: 6.8 cents per gallon of the federal gas and diesel tax, or approximately $6.8 billion per year, is currently not deposited in the Trust Fund and is used for deficit reduction. As of October 1, 1995, this will be reduced to 4.3 cents with 2.5 cents being deposited in the Trust fund. With the revision of 2.5 cents to the Trust Fund the amount deposited in the Mass Transit Account will increase from 1.5 to 2.0 cents per gallon of gasoline and diesel. |
Source: Federal Highway Administration, 1993 Highway Statistics, Table IV-16.