OCR Text |
Show reconstruction and repair. Initiative B reduces the tax on motor and pal fuels by 5 per gallon from 19r to 14c per gallon. Fiscal Impact Motor fuel tax revenue used for highway purposes will be died by $34 million. Special fuel tax revenue used for highway imposes will be reduced by $7.2 million. Effective Date December 31, 1989 Total Fiscal Impact The Legislative Fiscal Analyst estimates that, if Initiative B passes, the total amount of state revenue reductions will be $145.5 million. Page 23 |