Kentucky's gas tax drops, but there may be a cost - Cincinnati News, Weather, Sports from FOX19 NOW-WXIX

Kentucky's gas tax drops, but there may be a cost

Kentucky dropped its gas tax by 4.3 cents on New Year's Day, but some officials warn this could hurt road and bridge projects. 

The decrease will result in a $129 million loss for the state, providing less money for improvement projects. 

The loss amounts to about 6 percent of the funding for Kentucky's highway program. The Kentucky Transportation Cabinet says this decrease could delay or require cancellation of planned projects.

Local governments will also see a change, because nearly half of the motor fuels tax is returned to cities and counties for local streets and roads.

So, will this gas tax decrease affect the Brent Spence Bridge Project? According to BrentSpenceBridgeCorridor.com, gas taxes are supposed to fund projects like the bridge, but they say the tax isn't raising enough money to support the project.

This group is saying because of a lack of funding, tolls may be the best option to fund the project. A Facebook group against tolls argues they don't want to pay twice through tolls and gas taxes.

Gov. Steve Beshear says it will cost taxpayers $7 million every month that lawmakers do not take action to replace the Brent Spence Bridge. 

He also says waiting five years will cost an additional $400 million with inflation. Beshear plans to meet with Ohio Gov. John Kasich this month to talk about funding the project.

Construction on the bridge, if funding can be figured out, is slated to begin in 2017.

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