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• <br />Comprehensive Plan Capital Improvements Element <br />Table 6.1 shows that county revenue sharing funds represented 1.44% of all funds collected by Indian <br />River County in FY 2003/04. Figure 6.11 shows that, over the last six fiscal years, county revenue <br />sharing proceeds received by Indian River County varied over time, but overall decreased by 6.34%. <br />• Constitutional Fuel Tax <br />Constitutional fuel tax is defined as an excise or license tax of two cents per gallon imposed upon the <br />first sale or first removal from storage (after importation into Florida) of motor fuel. Revenues from <br />this levy become state funds at the time of collection by the refiner, importer or wholesaler. <br />In its current form, the constitutional fuel tax is a state -shared revenue source for counties only. <br />Applying a distribution formula, the state allocates proceeds to counties to the extent necessary to <br />comply with all obligations to or for the benefit of holders of bonds, revenue certificates, and tax <br />anticipation certificates or any refunds secured by any portion of the tax proceeds After complying <br />with the necessary debt service obligations, the state distributes a county's surplus funds to its <br />governing body. <br />Table 6.1 shows that revenue received from <br />the constitutional fuel tax levy represented <br />.83% of total revenue received by Indian <br />River County in FY 2003/04. Figure 6.12 <br />shows that, over the last six fiscal years, <br />constitutional fuel tax revenue received by <br />Indian River County increased 18.86%. <br />• County Fuel Tax <br />The county fuel tax is levied on motor fuel <br />at the rate of one cent per net gallon. The <br />legislative intent of this tax is to reduce a <br />county's reliance on ad valorem taxes. <br />Funds received from this tax can be used by <br />a county for transportation -related <br />expenses, including the reduction of bond <br />indebtedness incurred for transportation <br />purposes. <br />$760 <br />$740 <br />$720 <br />$700 <br />$680 <br />$660 <br />$640 <br />$620 <br />$600 <br />$580 <br />$560 <br />Figure 6.13: County Fuel Tax <br />1999 2000 2001 2002 2003 2004 <br />Revenue (in thousands) <br />Source: Indian River County Finance Department <br />Table 6.1 shows that funds received through the county fuel tax levy represented 0.37% of all revenue <br />collected by Indian River County in FY 2003/04. Figure 6.13 shows that, over the last six fiscal <br />years, county fuel tax revenue received by Indian River County increased 17.41%. <br />Community Development Department <br />Supplement #_; Ordinance 2005 - <br />Indian River County <br />15 <br />