County’s 6-Cent Gas Tax Ends in August
Expiration of the local tax could mean good news at the pumps, but don’t spend the extra cash just yet.
Carrollwood and Northdale residents hoping to save a little at the pumps could get a reprieve if Hillsborough County’s 6-cent local option gas tax is allowed to expire Aug. 31. Don’t go spending the extra cash just yet though. If the county allows the tax to sunset this summer, it could deliver a financial blow of about $22 million to Hillsborough’s budget, officials say. The County Commission meets Feb. 14 in a workshop where it will hear preliminary budget figures for Fiscal Year 2014, which begins on Oct. 1, 2013. That 6-cent gas tax is used by the county to fund road maintenance projects and transportation operations. Without the revenue stream, the county’s anticipated $3.2 million budget deficit would likely grow to about $25.2 …
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Magnus Thunderson
1:47 pm on Thursday, February 14, 2013
The infrastructure in the USA is based on a relatively fixed cent/dollar amount which has barely changed in 20 years so while inflation went up the amount collected stayed the same so now it paying out about 40% of what it did 20 years so even raising it a penny or two will not help much what really is needed will be quite painful as we need to double the gas tax and then tie it to inflation just… more ›