ICRC outlines efforts to stay afloat in face of diminished revenue - Iosco County News Herald: Breaking News

default avatar
Welcome to the site! Login or Signup below.
|
||
Logout|My Dashboard

ICRC outlines efforts to stay afloat in face of diminished revenue

Print
Font Size:
Default font size
Larger font size

Posted: Wednesday, May 8, 2013 5:00 am

TAWAS CITY – Iosco County Road Commission (ICRC) Engineer/Manager Bruce Bolen updated the Iosco County Board of Commissioners on Wednesday, May 1, on his agency’s continuing battle to maintain county and local roads with diminished funding.

The presentation was requested by the commissioners earlier in the year. Accompanying Bolen were the three men who govern the agency, road commissioners Frank Leiva, Calvin McLaren and Ben Brewer.

According to Bolen, there is much uncertainty about the future of funding for roads. Currently, the primary source of revenue for county road commissions is the Michigan transportation fund, which derives its revenue from the 19¢ gasoline tax, the 15¢ diesel tax and vehicle registration fees.

Iosco’s share of this fund is determined by a formula and has diminished sharply since 2004, a year it received $3.9 million. Revenues dropped steadily after that until 2009. Since then, it has leveled off, with revenues coming in at $3.4 million per year.

According to Bolen, there are many proposals on the table in Lansing to raise road funding, including an increase in the sales tax, to changing the transportation fund formula to tie distribution of the funds to areas with the greatest economic benefit, increased registration fees and more.

 

Fore more on this story, see this week's editions of the Iosco County News-Herald and the Oscoda Press.

Stocks