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Comprehensive Plan Capital Improvements Element Figure 6.7 shows the Tourist Development Tax revenue received by Indian River County over the last six fiscal years. Over that time period, tourist tax revenue received by Indian River County fluctuated based on market conditions, but had an overall increase of 2.17%. • Local Option Fuel Tax Local governments are authorized to levy up to twelve cents of local option fuel taxes in the form of three separate levies. These levies are: ➢ a one to six cent local option fuel tax; ➢ a one to five cent local option fuel tax; and ➢ a ninth cent fuel tax. Indian River County currently imposes the full six cents of the one to six cent fuel tax. This tax applies to every net gallon of motor and diesel fuel sold within a county. The one to six cent fuel tax may be authorized by an ordinance adopted by a majority vote of the governing body or voter approval in a county -wide referendum. Generally, the proceeds may be used to fund transportation expenditures $4,000 $3,500 $3,000 $2,500 $2,000 $1,500 $1,000 $500 $- Figure 6.8: Local Option Fuel Tax Revenue 1999 2000 2001 2002 2003 2004 Revenue (in thousands) Source: Indian River County Finance Department Table 6.1 shows that local option fuel tax revenue represented 1.65% of all funds collected by Indian River County for FY 2003/04. Figure 6.8 shows that local option fuel tax revenue for the county has increased overall by 14.58% over the last six fiscal years, with a significant increase occurring in FY 2001/2002, and then a moderation in FY 2002/2003. That large increase in FY 2001/2002 shown in Figure 6.8 can be attributed to a delay in the county distributing funds to the municipalities. Because of a dispute over allocations, money from the prior fiscal year was held until the dispute was resolved. All sixty-seven Florida counties levy a portion of the original local option fuel tax. Sixty-four counties levy the full $0.06, while the remaining three counties levy a portion of the tax. Table 6.3 shows the local fuel taxes levied in Indian River County and in other counties in the region. Saint Lucie, Martin, and Palm Beach counties levy the highest fuel taxes at $0.12 per gallon. Those three counties along with Okeechobee County impose the Ninth Cent Fuel Tax. Indian River County is eligible to levy the Ninth -Cent Fuel Tax either by extraordinary vote of the Board of Community Development Department Indian River County Supplement #_; Ordinance 2005- 9