Business, Transportation, and Housing
Department of Motor Vehicles

  • 2006-07 No Change
  • 2007-08 $9.4 million

IMPLEMENTATION OF VEHICLE REGISTRATION FINANCIAL RESPONSIBILITY PROGRAM
 The May Revision proposes funding for vendor costs to reflect higher than anticipated activity in this program. The program was established by Chapter 920, Statutes of 2004 (SB 1500) and requires insurance companies to electronically report insurance policies on private-use vehicles and the suspension of vehicle registrations when evidence of insurance is not provided within specified timelines. Suspension notices are expected to be sent for 5.5 million vehicles lacking proof of insurance rather than the 3.6 million anticipated in the Governor's Budget. The Department of Motor Vehicles will work with the industry to reduce error rates and address program anomalies, which will reduce future costs.


MOTOR VEHICLE ACCOUNT
 The Administration recognizes that the balance for the Motor Vehicle Account is rapidly declining, but the fund will be sufficient to fully fund 2007-08 proposed expenditures. A working group of affected agencies will continue to look at cost trends and future program needs, savings measures, and funding options including potential new funding sources to ensure the solvency of the fund. The working group will provide recommendations for consideration in the 2008-09 Governor's Budget.
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CHAPTER HIGHLIGHTS for Business, Transportation, and Housing Back to Top

 Transportation Bond Funding
 Department of Transportation
 Public Transportation Account
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PRINTABLE BUDGET DOCUMENTS Back to Top
Revised Budget Summary - Business, Transportation, and Housing (pdf * - 22K) -
Provides the entire Business, Transportation, and Housing Chapter in pdf format.
ADDITIONAL INFORMATION Back to Top
Revised Budget Detail - Business, Transportation, and Housing
Displays Revised Budget Detail information for Business, Transportation, and Housing.

Proposed Budget Summary - Business, Transportation, and Housing (January 2007)
Displays Proposed Budget Summary information for Business, Transportation, and Housing.