HomeMy WebLinkAbout1985 12 11 Memo Re: Gas Tax Allocation
DATE:
TO:
FROM:
SUBJECT:
City of Altamonte Springs
INTER OFFICE MEMORANDUM
December 11, 1985
CALNO Members
Commissioner Constantine
Gas Tax Allocation
The spec i al s ub-commi ttee on gas tax allocation met again
on Monday, December 9th to finalize our ideas on the gas
tax distribution formula.
We could not come up with a unanimous decision, however we
did propose four potential alternatives to the current 30-
year frozen tax distribution formula, which is:
1st 4 cents of gax tax,
Altamonte Springs
Casselberry
Lake Mary
Longwood
Ov i ed 0
Sanford
Winter Springs
cities receive 35.11%
7.46%
6.87%
1.04%
5.41%
1.54%
10.06%
2.74%
Additional 2 cents, cities
Altamonte Springs
Casselberry
Lake Mary
Longwood
Ov i ed 0
Sanford
Winter Springs
receive 38.91%
11.87%
6.59%
.093%
5.31%
1.33%
9.64%
3.24%
All of the four formulas are based on 65% of the gas tax
distribution going to Seminole County and 35% going to the
seven cities.
The 35% would be distributed under the four plans as
follows:
1. 50% of the 35% allocated would be based on a
5-year floating formula of total transportation
expend i tures by each city and 50% would be based
on population.
2. 50% of the 35% would be based on a five-year
floating formula of total transportation expendi-
tures by each city and 50% would be based on the
combination of 4 items - current population,
transportation expenditures as it relates to each
city's general fund, assessed property values and
lane miles maintained by the cites.
3. 50% of the 35% would be based on the five-year
floating formula of total transportation expendi-
tures and 50% would be based on the transportation
expenditures as it relates each city's general
fund.
4. All of the 35% based on a five-year floating
formula as previously agreed upon in the 1983
formula in which the most recent year is added
and the first year of the five years is dropped,
i.e: 80/81 would be dropped when the 85/86
is added.