Live Oak —
The Suwannee County Board of County Commissioners voted unanimously recently to renew an ordinance that imposes a three cent local option gas tax on fuel purchased in the county. The three cent tax is a part of a total six cent tax which is used for roads and bridges.
“The three cent gas tax passed by the board of commissioners last week represents half of the six cent local option gas tax that is assessed through a local option,” said Ken Williams, Suwannee County chief deputy clerk of finance. “The gas tax proceeds are maintained in a separate fund restricted for road and bridge repairs and maintenance.”
As of Tuesday, Williams said the county has received $600,540.34 for the total six cent assessment for this fiscal year beginning Oct. 1, 2013, which represents half of the expected revenue for the year.
“Accordingly, the three cent portion would be $300,270.17 year-to-date and approximately $600,000 expected for the year,” Williams said.
The county also has an additional five cent and a one cent local option gas tax, which creates a total of 12 cents that is assessed at the local level.
The three cent ordinance will be in effect for a period of 25 years beginning Sept. 1.