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Mayor warns pause on state gas tax will cut Tipton road funds; council told to consider local options
Summary
The mayor told the Tipton Common Council that a governor's executive order pausing state gas and excise taxes will reduce roughly 40% of certain MBH road-repair revenues. Staff will produce monthly impact estimates and the council will consider local tax options and budget adjustments.
The mayor told the Tipton Common Council the governor's executive order pausing state gas and excise taxes will reduce a significant share of the city's road-repair revenue and that staff will present monthly impact estimates ahead of next steps.
At the May meeting the mayor said, "About 40% of revenues that we receive from MDH come from those 2 line items," and added staff will work with Finance Director Dylan and Tammy to "understand what is the monthly revenue impact to the city, Tipton."…
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