Volusia County, FL -
Update: Volusia County Council renewed an agreement with local municipalities for distribution of money from local gas taxes at its Tuesday meeting.
Earlier Reporting:
Volusia County will consider the renewal of an agreement with local municipalities for distribution of money from local gas taxes at its Tuesday meeting.
According to County records, Volusia County imposes a 6-cent local option fuel tax and an additional 5-cent local option fuel tax on each gallon of motor oil sold in the County, as allowed by the State. The proceeds are distributed between the County and each of the local municipalities.
The current agreement between the county and the cities is set to expire on August 31 of this year at midnight. Volusia County and all the cities within the county must approve the renewal agreement in order for it to go into effect.
If the renewal is approved, it will extend the agreement for the allocation of money collected from the gas taxes for another year. The renewal will expire on August 31, 2019.
Daytona Beach already approved the renewal at its April 18 meeting. You can find more on that story
here. Records from the City of Daytona Beach show that approximately 57.2% of revenue from local fuel taxes collected in Volusia County is distributed to the County, and approximately 42.8% of that revenue is distributed among the local municipalities for transportation costs.
Copyright Southern Stone Communications 2018.
