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Pence Oil Company finds like-minded company to carry on with business

Business owner voices concern about Watseka gas tax

A vehicle fuel tax adopted by the City of Watseka will begin July 1. The city adopted Ordinance 2611 at its May meeting and has discussion on the matter a couple of times since then. Most recently at the June meeting, a letter from Watseka businessman Terry Pence, president of Pence Oil Company, was read into the minutes. Pence was also present at the meeting and voiced his concerns about the new tax. Watseka officials have noted that they need money to help pay for road repairs and maintenance in the city. Pence’s letter reads in part, “Recently you passed an ordinance to tax motor fuel $.05 per gallon. When I talked to the Mayor and a few of the aldermen about this I felt that there was no research done prior to passing the ordinance; no idea how much would be generated or even how much Motor Fuel Tax we were getting presently.

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