While states like Missouri, Alabama and Mississippi are considering raising their gas taxes to better fund infrastructure, California’s tax board recently decided that its residents paid too much for gas last year, and will give them a break at the pump. The Associated Press reported that the California Board of Equalization voted 3-2 Tuesday to lower the state’s gas tax by 2.2 cents per gallon for the fiscal year that ends June 3o, 2017. The gas tax was lowered to 27.8 cents from 30 cents.

The board calculates each year how much of a gas tax Californians should pay under a formula that was implemented in 2010 to help with the state’s budget deficit. The board is supposed to raise and lower the gas tax rate annually in order to ensure the state is bringing in the same amount of revenue over a three year period as it would have with the old sales tax.

See more at: http://www.equipmentworld.com/california-lowers-g...