Bill > H4264

This bill authorizes the town of Westborough to establish an additional excise tax, which is a type of tax, on the sale of gasoline and diesel fuel within the town, meaning it's a tax on the purchase of these fuels. This new tax would be in addition to existing state taxes on these fuels, which are governed by chapters 64A and 64E of the General Laws. The amount of this additional excise tax would be set by a majority vote at a town meeting and could only be changed by a subsequent majority vote. All revenue collected from this tax would be sent to the town treasurer quarterly and must be deposited into a dedicated fund called the Public Way Maintenance Fund. This fund is specifically for the repair, maintenance, and upkeep of town roads, bridges, sidewalks, trails, and adjacent storm drainage systems, and any money remaining in the fund at the end of a fiscal year will carry over to the next. The bill also specifies that disbursements from this fund require a majority vote of the town's board of selectmen. This authorization will only take effect if a majority of the town meeting approves it after the bill becomes law.