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Wednesday, March 18, 2009

ITD Makes $10 Million Math Error

Got this little tidbit off the Spokesman's 'Eye On Boise' webpage:

The governor’s office says there was a math error at the Idaho Transportation Department in calculating the revenue raised by his new vehicle registration fee proposal, and it actually will raise $10 million less than originally thought. Instead of $43.7 million after three years, “The actual figure is closer to $33.4 million after three years,” said Jon Hanian, press secretary for Gov. Butch Otter. “So it’s about a $10 million difference.” That means the combination of the registration fee hike bill and the new gas tax increase bill brings in $95 million more for road work after three years, rather than $105.3 million, Hanian said. “It was a math error that was discovered last night. It’s unfortunate - they just miscalculated.” He said, “We’re getting that corrected and fixed, with the real figure.”

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