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Comprehensive Plan Capital Improvements Element <br />As shown in table 6.1, that amount represented 2.81% of all funds collected by Indian River County <br />during the 2006/07 fiscal year <br />Figure 6.10 displays the funds made available to Indian River County through the half -cent local <br />government sales tax over the last six fiscal years. Over those six fiscal years, Indian River County's <br />half -cent sales tax revenue increased 17.44%. <br />Occasionally, governments can receive supplemental distributions by meeting special eligibility <br />criteria; however, in no case can the total supplemental and ordinary distribution exceed the <br />maximum per capita amount allowed by law. Governments aie allowed wide latitude in using the <br />half cent sales tax. For counties, the law provides only that half cent sales tax revenue be used for <br />countywide tax relief or countywide programs. <br />• County Revenue Sharing <br />The current structure of the county revenue sharing program consists of two revenue sources. These <br />sources include 2 90% of net cigarette tax <br />collections and 2.044% of sales and use tax <br />collections. Proceeds are collected by the state <br />and then distributed to eligible counties based on <br />an allocation formula. There are no use <br />restrictions on the distributed revenue; however, <br />there are some statutory limitations regarding <br />these funds being used as a pledge for <br />indebtedness. <br />To receive distribution proceeds through the <br />county revenue sharing program, counties must <br />meet the following criteria: <br />(1) That law enforcement officers and <br />firefighters are certified and meet state <br />requirements; <br />Figure 6.11: County Revenue Sharing <br />$3,500 <br />$31000 <br />$2,500 <br />$2,000 <br />$1,500 <br />$1,000 <br />$500 <br />$- <br />121 <br />2002 2003 2004 2005 2006 2007 <br />Revenue (in thousands) <br />Source: Indian River County Finance Department <br />(2) That certification of taxable value for a property tax levy is made in a timely and correct <br />manner to the Department of Revenue; <br />(3) That the county's most recent financial reports have been sent to the Department of Banking <br />and Finance, and post audits of these statements and accounts have been provided. <br />Community Development Department <br />Supplement #13; Adopted November 18, 2008, Ordinance 2008-018 <br />Indian River County <br />14 <br />