Webster City to receive 20% increase in revenue from state
The Iowa gas tax hike of 10-cents per gallon went into effect on Sunday, March 1st. What this means for Webster City is approximately a 20% increase in revenue from the state.
For the current fiscal year, the city received $674,000 in state revenue. With the new gas tax the city will receive an additional $133,000 per year, for a total of $807,000 from the state. According to City Manager Ed Sadler, the plan for this additional revenue is for bridge repair.
From the states’ perspective, the gas tax increase will provide about $215 million annually for Iowa’s bridges and roads.
For more information please contact Bill Demuth at 515-832-9151 or email email@example.com