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Local Option Gas Tax
<br />The Local Option Gas Tax is a tax on motor fuel sales of six cents
<br />per gallon. The State gives the authority to the county to -levy
<br />the gas tax. However, implementing the tax levy is the county's
<br />option. The proceeds of the tax are distributed to the other
<br />municipalities and the county, based on a formula agreed upon in an
<br />interlocal agreement. These funds are used only for county
<br />transportation related expenditures.
<br />TABLE 13.3
<br />HISTORIC REVENUE SOURCES EARMARKED FOR
<br />TRAFFIC CIRCULATION
<br />FISCAL YEARS 1985-86 THROUGH 3989-98 1991-92
<br />FISCAL LOCAL CONSTIT- COUNTY TRAFFIC
<br />YEAR OPTION GAS UTIONAL GAS GAS TAX IMPACT FEES
<br />TAX TAX TOTAL
<br />1985-86 $ 602,105 $ 897,510 $ 406,614 $ 352,728 j 2,259,057
<br />1986-87 1,745,750 958,315 439,783 11798,106 41941,954
<br />1987-88 1,860,398 919,175 410,571 1,293,754 4,483,898
<br />1988-89 2,204,327 1,035,425 455,024 2,5161622 6,2111398
<br />1989-90 2,031,041 1,494,434 429,096 2,460,950 6,4151521
<br />1990-91 2,011,313 1,069,786 379,939 2,166,517 5,627,555
<br />1991-92 11926,397 11113,074 379,381 1,978,891 51397,743
<br />5 7 Year Total 2473147828
<br />$35,3370126
<br />Sources: Indian River County Finance Department, Sept. 1991 1993
<br />Table. 13.3 indicates that'. in fiscal year 1989-98 1991-92, the
<br />county collected over 2rO 1.9 million in local option gas tax
<br />revenue.
<br />Constitutional Gas Tax
<br />The Constitutional Gas Tax is a two cent tax per gallon of motor
<br />fuel sold in the state. The state allocates the county's portion
<br />by using a distribution formula multiplied by the state's monthly
<br />motor fuel collections.
<br />According to Table 13.3, the county received $174947434 1,113,074
<br />of revenue in fiscal year 1989-98 1991-92 from the constitutional
<br />gas tax. Twenty percent of the revenue received must be used for
<br />maintenance of roadways. The remaining eighty percent must be used
<br />for acquisition and/or construction of roadways in the county.
<br />County Gas Tax
<br />The County Gas Tax is a one cent tax per gallon of motor fuel sold
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