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Comprehensive Plan Capital Im rovements Element Table 6.1 shows that local sales surtax revenue represented 5.04% of all funds collected by Indian River County in FY 2006/07. 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 by 27.63% over that period. Distribution of surtax proceeds is based on the specifics of an interlocal agreement or through a formula based on population. In Indian River County, Local Infrastructure Surtax revenue is distributed to county government and municipal governments through a formula based on population. Twenty of the sixty-seven Florida counties levy a Local Government Infrastructure Surtax. Within Indian River County's region, Brevard, Palm Beach, and St Lucie counties do not levy the surtax, while Mai tin County levies a 0.5% infrastructure surtax. Okeechobee County is eligible to levy the infrastructure surtax, but instead levies a Small County Surtax of 1%, which is another local discretionary sales surtax. • Tourist Development Tax Any county in the state may, subject to a vote of the citizenry, impose a Tourist Development Tax The transient rental trade is the primacy base for the levy of the tourist tax. Any lodging agreement for six months or less is subject to the tax. Generally, the tourist tax levy is one or two percent. Counties, however, may set an additional one percent above the original tax through an extraordinary vote of the governing board or by referendum. Currently, Indian River County imposes the original two percent tourist tax as well as an additional one percent tax. Fifty-nine Florida counties out of sixty-seven total counties currently levy a tourist tax. Of those fifty-nine counties, forty-one counties, including Indian River County, impose an additional one percent tourist tax. Table 6.2 displays the tourist taxes imposed in counties that are geographically proximate to Indian River County. Compared to neighboring counties, Indian River County imposes a similar level of tourist taxes. Brevard, Palm Beach, and St. Lucie_Counties have the highest tourist tax levy of the Figure 6.7: Tourist Development Tax Revenue $1,800 $1,600 $1,400 $1,200 $1,000 $800 $600 $400 $200 $ 2002 2003 2004 2005 Revenue (in thousands) 2006 2007 Source: Indian River County Finance Department Community Development Department Supplement #13; Adopted November 18, 2008, Ordinance 2008-018 Indian River County 7