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Last modified
2/13/2017 2:59:45 PM
Creation date
9/30/2015 3:39:13 PM
Metadata
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Ordinances
Ordinance Number
2005-038
Adopted Date
09/13/2005
Ordinance Type
Comprehensive Plan Amendment
State Filed Date
09\27\2005
Subject
Capital Improvements Element
Archived Roll/Disk#
3126
Supplemental fields
SmeadsoftID
714
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Comprehensive Plan Capital Improvements Element <br />Figure 6.7 shows the Tourist Development Tax revenue received by Indian River County over the <br />last six fiscal years. Over that time period, tourist tax revenue received by Indian River County <br />fluctuated based on market conditions, but had an overall increase of 2.17%. <br />• Local Option Fuel Tax <br />Local governments are authorized to levy up <br />to twelve cents of local option fuel taxes in <br />the form of three separate levies. These <br />levies are: <br />➢ a one to six cent local option <br />fuel tax; <br />➢ a one to five cent local <br />option fuel tax; and <br />➢ a ninth cent fuel tax. <br />Indian River County currently imposes the <br />full six cents of the one to six cent fuel tax. <br />This tax applies to every net gallon of motor <br />and diesel fuel sold within a county. The <br />one to six cent fuel tax may be authorized <br />by an ordinance adopted by a majority vote <br />of the governing body or voter approval in a <br />county -wide referendum. Generally, the <br />proceeds may be used to fund transportation <br />expenditures <br />$4,000 <br />$3,500 <br />$3,000 <br />$2,500 <br />$2,000 <br />$1,500 <br />$1,000 <br />$500 <br />$- <br />Figure 6.8: Local Option Fuel Tax <br />Revenue <br />1999 2000 2001 2002 2003 2004 <br />Revenue (in thousands) <br />Source: Indian River County Finance Department <br />Table 6.1 shows that local option fuel tax revenue represented 1.65% of all funds collected by Indian <br />River County for FY 2003/04. Figure 6.8 shows that local option fuel tax revenue for the county has <br />increased overall by 14.58% over the last six fiscal years, with a significant increase occurring in FY <br />2001/2002, and then a moderation in FY 2002/2003. That large increase in FY 2001/2002 shown in <br />Figure 6.8 can be attributed to a delay in the county distributing funds to the municipalities. Because <br />of a dispute over allocations, money from the prior fiscal year was held until the dispute was <br />resolved. <br />All sixty-seven Florida counties levy a portion of the original local option fuel tax. Sixty-four <br />counties levy the full $0.06, while the remaining three counties levy a portion of the tax. <br />Table 6.3 shows the local fuel taxes levied in Indian River County and in other counties in the <br />region. Saint Lucie, Martin, and Palm Beach counties levy the highest fuel taxes at $0.12 per gallon. <br />Those three counties along with Okeechobee County impose the Ninth Cent Fuel Tax. Indian River <br />County is eligible to levy the Ninth -Cent Fuel Tax either by extraordinary vote of the Board of <br />Community Development Department Indian River County <br />Supplement #_; Ordinance 2005- <br />9 <br />
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