The amount of taxes Nebraskans pay on every gallon of fuel they buy will increase only slightly in January. The state Revenue Department says the tax will increase to 26.4 cents from the current 26.3 cents.
The fuel tax generates money to fund highway projects and maintenance. Each cent of motor fuels tax generates about $12 million in revenue annually for the state. In the previous fiscal year, the state fuels tax raised more than $306 million for projects.
The new rate will be in effect from January 1st to June 30th. It will be adjusted in July, if necessary.