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EXHIBIT 8 <br /> <br /> COUNTY GAS TAX SAMPLE COMPUTATION <br /> Fiscal Year 1984-85' <br /> <br />This FORMULA is based on the "Mayors' Formula" as it is modified below: <br />1. ALLOCATION BASE <br /> <br />1.a. Section 2107 Gasoline Tax Allocation to Cities <br /> <br />Alameda $ 672,590 <br />Albany 137,505 <br />Berkeley 956,162 <br />Dublin 169,856 <br />Emeryville 36,294 <br />Fremont 1,289,882 <br />Hayward 886,311 <br />Livermore 467,157 <br />Newark 320,912 <br />Oakland 3,157,922 <br />Piedmont 94,565 <br />Pleasanton 348,223 <br />San Leandro 596,167 <br />Union City 415,589 <br /> $9,549,135 <br /> <br />1.b. Cities 5/8 cent equivalent <br /> $9,549,135 x ..625 <br /> ~= $1,528,351 <br /> <br /> Where .625 equals 5/8 cent "historic" tax subvention rate <br /> 3.905 equals current subvention rate <br /> <br />1.c. County Section 2104(d) subvention = $10,693,330 <br /> <br />1.d. County 1 cent equivalent <br /> $10,693,330 x 1 - <br /> ~ = $3,717,803 <br /> <br /> Where 1 equals former 1 cent gas tax subvention rate <br /> .75 equals current Section 2104{d) apportionment factor <br /> 3.835 equals current gasoline tax rate <br /> <br />1.e. Apportionment Base: <br /> County 1 cent equivalent $3,717,803 <br /> City 5/8 cent equivalent 1,528,351 <br /> $5,246,154 <br /> <br /> 84-85 Data: Used for illustrative purposes only. <br /> Source: State Controller' s Streets and Highways Reports. <br /> <br /> <br />