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Council debate over vehicle-license tax and road funding as Pavement Preservation needs rise
Summary
Council members and staff debated whether to dedicate more vehicle-license-tax (VLT) revenue to roads. Staff said the city currently places VLT into the general fund and transfers 20% to streets; council members urged dedicated ongoing funding for residential pavement preservation as staff proposed a $2M one-time pavement preservation allocation.
Lake Havasu City Council members debated May 15 whether to dedicate more ongoing vehicle-license-tax (VLT) revenue to roads or preserve flexibility for annual budget choices as the city ramps pavement-preservation work.
Finance staff explained the current practice: the city puts VLT receipts into the general fund and transfers 20% to street uses; across the last four fiscal years that approach and additional general-fund transfers have averaged roughly $6 million per year flowing to streets-related work, Olson said in response to council questions.
Council Member…
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