Indiana Board of Finance approves $19.13M one-time payments to local governments tied to gas-tax holiday

The State Board of Finance approved $19,129,920 in one-time payments to counties, cities and towns as the fourth reimbursement tied to Gov. Mike Braun’s gas-tax holiday, WISH-TV reported. The State Comptroller’s Office is processing the transfers and the announcement said payments should arrive within two to three business days (WISH-TV: https://www.wishtv.com/news/politics/indiana-approves-19-1-million-for-local-road-funding/).

Officials said the adjustment covers fuel-tax collections for Aug. 1–31 and will appear in October distributions, creating a temporary dip in Motor Vehicle Highway and Local Road and Street fund amounts. The board also approved the annual transfer of the first $70 million in gasoline excise tax collections to the State Highway Road Construction and Improvement Fund, and the state will reimburse $102,990,086 to the Motor Vehicle Highway Fund, the Local Road and Street Fund, and the Local Road and Bridge Matching Fund, WISH-TV reported.

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