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Comprehensive Plan Capital Improvements Element charges. Table 6.1 shows that traffic impact fees represented 5.17% of funds collected by Indian River County for FY 2003/04. Figure 6.5 displays the impact fee revenue collected by Indian River County over the last six fiscal years. Starting with FY 1999/2000, revenue is for traffic impact fees only This change to capacity charges accounts for the decrease in revenues illustrated in figure 6.5. • Local Discretionary Sales Surtax Local governments are authorized to levy numerous types of local discretionary sales surtaxes pursuant to s. 212.055, F.S. Under the provisions of s. 212.054, F.S., the local discretionary sales surtaxes apply to all transactions subject to the state tax imposed on sales, use, services; rentals, admissions, and other authorized transactions. The surtax is computed by multiplying the rate imposed by the county where the sale occurs by the amount of the taxable sale. This sales tax can be levied on most transactions under $5000. Under this category, Indian River County is eligible to impose a Local Government Infrastructure Surtax of either 0.5% or 1.0% and a School Capital Outlay Surtax of up to 0.5%. Currently, Indian River County imposes only the 1.0% Infrastructure Surtax. The Local Government Infrastructure Surtax must be enacted by a majority vote of the Board of County Commissioners and approved by voters in a countywide referendum. This surtax, which may be imposed for a maximum period of fifteen years, was initiated by Indian River County in April, 1989, and was renewed by voters in November, 2002. Generally, the proceeds must be expended to finance, plan, and construct infrastructure; to acquire land for public recreation or conservation or protection of natural resources; .and to finance the closure of local government-owned solid waste landfills that are already closed or are required to close by order of the Department of Environmental Protection. Figure 6.6: Local Discretionary Sales Surtax $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 $- 1999 2000 2001 2002 2003 2004 Revenue (in thousands) Source: Indian River County Finance Department Table 6.1 shows that local sales surtax revenue represented 6.38% of all funds collected by Indian River County in FY 2003/04. Figure 6.6 displays the Local Discretionary Sales Surtax revenue received by Indian River County over the last six fiscal years. This local revenue source increased Community Development Department Indian River County Supplement #_; Ordinance 2005- 6