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Kentucky’s gas tax on sales of gasoline, diesel and ethanol motor fuels will decrease by 1.5 cents per gallon on New Year’s Day, reflecting a drop in the calculated average wholesale fuel price.
The decrease would result in a loss to the Kentucky Road Fund of about $45 million on an annualized basis.
“The Road Fund is our source of revenue for building, improving and maintaining Kentucky roads and bridges, so any loss of revenue is concerning,” Kentucky Transportation Secretary Mike Hancock said Thursday in a state news release.
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