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<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> History of the Existing <br /> <br /> Fuel Tax <br /> <br /> 1) Fuel Tax History: <br /> Original 1.0 Cent per Gallon 1955 <br /> Increased to 3.0 Cents per Gallon 1957 <br /> Increased to 5.0 Cents per Gallon 1977 <br /> <br /> <br /> 2) Current Fuel Tax 8.8 Cents per Gallon 1988 <br /> <br /> Highway Maint. & Traffic Operations 5.0 Cents ! <br /> • Local Road Improvements 3.8 Cents <br /> Total 8.8 Cents <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> Highway Fund <br /> <br /> <br /> 1) Provides Operational Funds for: <br /> ? DPW - Highway Maintenance Division <br /> ? DPW -Traffic Division <br /> Mass Transit (Portion of Weight Tax Only) <br /> <br /> 2) Revenue Sources (Average over Past 5 Years) <br /> <br /> Fuel Tax - Operations (5.0 Cents per Gallon) $ 4,410,420 <br /> Fuel Tax - Local Rd Impro. (3.8 Cents per Gallon) $ 3,350,578 <br /> Public Utility Franchise Tax $ 6,411,124 <br /> Vehicle & Trailer Weight Tax $ 5,035,282 <br /> Other (State DOT Signals, Recovery for Damages, etc) $ 952,874 <br /> Total $20,160,278 <br /> <br /> <br /> <br /> <br /> <br /> 2 <br /> <br /> i <br />