Label
Council Members Delaney and Ujvagi
Title
Resolution Supporting the Appropriation of Increased Gasoline and Diesel Tax Revenues Exclusively to Residential and Commercial Storefront Street Paving; and declaring an emergency.
Summary
WHEREAS, the City of Toledo, Ohio, receives revenue from the state of Ohio derived from the state-imposed tax on gasoline and diesel sales; and
WHEREAS, City tax revenue earmarked as capital improvement funds are inadequate to meet all the capital needs of the various City departments leaving an inadequate sum of such funds available to meet the paving and street maintenance needs of the City; and
WHEREAS, the Ohio General Assembly, by passage of the state Transportation budget, increased the rate of tax per gallon of gasoline and diesel fuel sold in Ohio from $0.28 per gallon to $0.385 per gallon of gasoline and $0.47 per gallon of diesel which will result in a significant increase in gas tax revenue to the City of Toledo beginning July 2019; and
WHEREAS, it has been the intent of this Council to identify additional revenue and to designate such revenue exclusively to the paving and maintenance of streets and roads within the city limits and the passage of the new Transportation budget by the Ohio General Assembly provides an opportunity to accomplish this much needed objective; and
WHEREAS, it is the intent of this Council to capture all increased gas tax revenue for the exclusive use in paving of streets and roads within the City after January 1, 2020; NOW, THEREFORE,
Be it resolved by the Council of the City of Toledo:
SECTION 1. The increased rate of tax on the sale of gasoline and diesel fuel as a result of the passage of the state Transportation budget effective July 1, 2019, and an estimate of additional revenue shall be identified by the Finance Director and reported to Council; and
SECTION 2. Beginning January 1, 2020, and subject to appropriation as pa...
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