Changes in the way Indiana distributes tax revenue will give local governments an estimated $8.1 million in highway money over the next two fiscal years.
The amount is about $2 million more than the seven municipal street departments and the Boone County Highway Department would have received based on multiplying the $3.025 million those agencies received in fiscal 2012. Based on state revenue projects, Boone County will receive about $5.78 million over two years, according to a chart provided by the Indiana Senate Majority Communications Office.
Indiana distributes tax money, broadly, into two highway accounts: the Motor Vehicle Highway Fund, which includes gasoline tax revenue; and the Local Road and Street Fund, which is based only on a county’s car registrations compared to the total cars registered in the state.
There are additional factors determining how much counties and municipalities receive.
See Wednesday's Times Sentinel for more on this story.