Chris,
I have to sign off for the evening, however, Powell Bill funding is not listed on municipal budgets as "tax revenue" like sales tax, property tax, excise tax, vehicle tax, etc. When I said the Powell Bill is not tax revenue I mean: sales tax, property tax, excise tax, vehicle tax, etc.-especially property taxes.
According to the State of NC here is the source of the funds statewide:
Annually, State street-aid (Powell Bill) allocations are made to incorporated municipalities which establish their eligibility and qualify as provided by G.S. 136-41.1 through 136-41.4. The general statutes require that a sum be allocated to the qualifying municipalities equal to the amount produced during the fiscal year by 1-3/4 cents on each taxed gallon of motor fuel. The statutes also provide that funds be disbursed to the qualified municipalities on or before October 1, thereby allowing sufficient time after the end of the fiscal year for verification of information and to determine the proper allocations and preparation of disbursements. Powell Bill funds shall be expended only for the purposes of maintaining, repairing, constructing, reconstructing or widening of local streets that are the responsibility of the municipalities or for planning, construction, and maintenance of bikeways or sidewalks along public streets and highways.
Good night.
R. Voller
Sleep tight. Maybe tomorrow we can continue the conversation. I am glad that you are posting here, as you are providing a wealth of knowledge that is easy to access. Thank you for your time and service to our community.
