- In 1980, Kentucky passed a law that automatically adjusted the gas tax based on the average wholesale price of gas.
- This tax goes to the Kentucky Road Fund
- The Road Fund is up 11.6% for the fiscal year
- Despite the increase in the available road funds, Kentuckians will be hit with a 1.9 cent/gallon tax increase at the pump.
Why do we have a law that automatically adjusts taxes? Perhaps this one should be reviewed, especially since the Road Fund has enough discretionary funds to hand out tax incentive favors to a handful of businesses and large recreated arks.