Executive Summary: Our estimates for SHF, SRS, and STBG payments increased by $19 million when compared to our previous estimates for FY 2022.

  • FY 2022 SHF estimate increased by over $10.8 million (+3%)
  • FY 2022 SRS estimate increased by over $8.4 million (+27%).
  • FY 2022 STBG estimate increased by $218,654 (+1.34%).

 

State Highway Fund (SHF): County revenues are projected to increase in 2021 through 2023 as the economy recovers and the $0.02 conditional fuels tax, weight-mile tax, and 3% increases in DMV title and registration fees included in Keep Oregon Moving (HB 2017) take effect January 1, 2022.

 

Growth is strong in motor fuels, DMV and CCD revenue. The forecast, which uses the estimates released in October of 2021, includes both the regular formula allocation and the Small County Allotment. See the SHF sheet for a breakout of the two separate payments. 

  • FY 2022 SHF estimate increased by over $10.8 million (+3%)

 

Secure Rural Schools: The SRS Act payments for FY 2022 are included in the county totals because Congress has taken action to reauthorize the program through the Infrastructure Investment and Jobs Act (IIJA). SRS Payments are authorized for the next three fiscal years beginning in Federal FY 2021 and will not be subject to the typical 5% annual decrease. Instead, SRS payments will be increased to the amount from Federal FY 2017 for FY 2021, FY 2022, and FY 2023. 

  • FY 2022 SRS estimate increased by over $8.4 million (+27%).

 

USFS Timber Receipts: The USFS estimates are based on 25% timber receipts (1908 Act 25-percent payments) from Federal Fiscal Year 2018 (County Fiscal Year 2019), which is the most recent data released by the Forest Service. The payments for CFY 2022 are estimates based on averages used to fill in the gaps, so please consider this when creating your budget. Most importantly, please remember that most counties only receive USFS receipts if a county selects not to receive SRS payments, In most cases, this would represent the minimum budget option.

 

Surface Transportation Block Grant (STBG) / State Fund Exchange: STBG estimates have increased 1.34% from our last estimate in January. Two counties have an exception and saw a small decrease in their estimate. Please note that STBG estimates have decreased 7.63% from FY 2020 actuals. This is because last year’s payment was anomalously $2 million higher than typical allocations. With the passage of the Infrastructure Investment and Jobs Act (IIJA) formula funding for the STBG is projected to increase by approximately $4.8 million or 29% over FAST Act levels beginning in Federal Fiscal Year 2022 (2023 County payment year).

  • FY 2022 STBG estimate increased by $218,654 (+1.34%).

 

Forecasting Uncertainty and FY 2021-22 Outlook: The FY 2021-22 forecast represents a conservative baseline county funding model estimate approach for dedicated funding budget planning purposes.

View the County Road Revenue Forecasts November Update here.

 

Please don’t hesitate to contact Jordan Cole jcole@oregoncounties.org with any questions or concerns.