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<br /> ' ~ • y i <br /> i <br /> News Release -Gas Tax Helps Fund Local Road Repairs <br /> July 30, 200 <br /> Page 2 <br /> Total cost of this year's pavement preservation projects is approximately $3.2 million. <br /> Approximate y $2 million will come from the new gas tax, with the balance from development <br /> charges and federal funds. The gas tax was approved by the Eugene City Council last January <br /> to address a growing backlog of street repair needs. Currently, Eugene has a backlog of <br /> ~ approximate y $93 million in needed street repair projects. <br /> ~ The -cent-per-gallon tax is levied on dealers who bring gasoline or diesel fuel into the <br /> city for sale, use or distribution. The amount of the federal, state and local gas taxes paid by the <br /> dealers usu Ily is passed along to retailers, who typically add the amount to the price of a gallon <br /> of gas at th pump. Springfield and Cottage Grove also adopted local gas tax ordinances last <br /> winter, and a tax will go into effect in all three cities on August 1. <br /> I <br /> II <br /> i <br /> <br />