The "county" share of gas severance tax proceeds

Under the severance tax proposal (soon to be law), 95% of the the proceeds from the severance tax will be distributed as follows: 70% to the state and 15% each to counties and cities for highways and roads. Using an assumption of $8.00 gas price, $8.14 million will be distributed to counties in 2009. That figure will be $14.5 million in 2015.

Counties use a mixed formula that distributes an equal portion to each county and the rest based on population. Cities will also receive 15%, but they distribute their portion of the funds on a strict per capita basis. Using the formula, Miller County will receive an additional $107,069.53 in 2009 and $190,331.21 using the formula. Pulaski County will receive $507,768.72 in 2009 and $902,630.63 in 2015. These are approximate figures, since it doesn't appear as though the list (linked below) takes the 3% to constitutional officers and the central services fund into account.

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