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.
Bloomingdale and Riverview 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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