KENTUCKY’S GAS TAX IS THE LARGEST FUNDING SOURCE FOR THE COMMONWEALTH’S ROAD FUND…..GENERATING CLOSE TO 800-MILLION DOLLARS A YEAR…..
WITH RISING GAS PRICES…..IN MAY…..GOVERNOR ANDY BESHEAR SIGNED AN EXECUTIVE ORDER REDUCING THE STATE GAS STAX BY 10-CENTS A GALLON….
AND ALSO FROZE A JULY FIRST SCHEDULED INCREASE…..
LAW MAKERS MET IN FRANKFORT YESTERDAY (TUES) TO EXAMINE THE IMPACT OF THE REDUCTION….WHERE THEY WERE TOLD DRIVERS HAVE SAVED ABOUT FIVE-
DOLLARS A MONTH…..WHILE TAKING AWAY OVER 26-MILLION DOLLARS FROM THE ROAD FUND…. INCLUDING OVER 11-MILLION LESS FOR COUNTY AND CITY
ROADS…..AND A DIRECT IMPACT OF ABOUT 15-MILLION DOLLARS FOR THE TRANSPORTATION CABINET…..
SOME LAWMAKERS SAID THE SAVINGS TO KENTUCKY DRIVERS ARE SMALLER THAN ESTIMATED…..WITH MUCH OF THE REDUCTION BENEFITING OUT-OF-
STATE DRIVERS PASSING THROUGH THE COMMONWEALTH……