Published • loading... • Updated
Kentucky Gov. Beshear Extends Gas Tax Reduction for 33 Cities, Counties
The extension keeps the 10-cent reduction in place for 33 communities, while state officials estimate it cuts Road Fund revenue by $26.8 million a month.
- Gov. Andy Beshear announced on Tuesday that a 10-cent gas tax reduction will continue through June 30 for 33 Kentucky cities and counties, including Louisville, after local officials requested extensions.
- Beshear initiated the relief in May to counter rising fuel costs from the war in Iran and to halt a scheduled gas tax increase from 26.4 cents to 27 cents per gallon.
- An estimated $26.8 million monthly loss to the Road Fund led Committee Chairman Ken Upchurch to call the action "terrible public policy," with lawmakers projecting a nearly 17% decline in road aid.
- Starting Thursday, June 11, residents in areas that did not request extensions will see gasoline and diesel prices increase by 10 cents per gallon.
- Officials warn that individual savings of about $4 monthly may not justify potential road maintenance costs, as debate continues over using the Budget Reserve Trust Fund to replace lost revenue.
Insights by Ground AI
24 Articles
24 Articles
Kentucky gas tax break to expire in most of the state Thursday, extend in over 30 cities or counties
Kentucky Gov. Andy Beshear announced Tuesday that 33 cities or counties would see an extended gas tax break as his executive order to cut the tax is set to expire Thursday.Beshear issued the executive order in early May.The 10-cent tax break on wholesale gasoline was designed to help ease economic pressure caused by the U.S. war with Iran.WCPO met Kyle Harris in Wilder, Ky. Tuesday as he filled up his work truck at the Shell gas station along Li…
·Cincinnati, United States
Read Full Article
Father's Day SaleGet 40% off Vantage subscriptions for yourself or a friend.Get Started
Coverage Details
Total News Sources24
Leaning Left3Leaning Right6Center10Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
53% Center
L 16%
C 53%
R 31%
Factuality
To view factuality data please Upgrade to Premium
