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Comprehensive Plan <br />Capital Improvements Element <br />Table 6.1 shows that county revenue sharing funds represented 1.07% of all funds collected by Indian <br />River County in FY 2006/07. Figure 6.11 <br />shows that, over the last six fiscal years, county <br />revenue sharing proceeds received by Indian <br />River County varied over time, but overall <br />increased by 30.13%. <br />• Constitutional Fuel Tax <br />Constitutional fuel tax is defined as an excise <br />or license tax of two cents per gallon imposed <br />upon the first sale or first removal from storage <br />(after importation into Florida) of motor fuel <br />Revenues from this levy become state funds at <br />the time of collection by the refiner, importer <br />or wholesaler. <br />In its current form, the constitutional fuel tax is <br />a state -shared revenue source for counties only. <br />Applying a distribution formula, the state <br />allocates proceeds to counties to the extent <br />necessary to comply with all obligations to or <br />for the benefit of holders of bonds, revenue <br />certificates, and tax anticipation certificates or <br />any refunds secured by any portion of the tax <br />proceeds. After complying with the necessary <br />debt service obligations, the state distributes a <br />county's surplus funds to its governing body. <br />Table 6.1 shows that revenue received from the <br />constitutional fuel tax levy represented 0.59% <br />of total revenue received by Indian River <br />County in FY 2006/07. Figure 6.12 shows that, <br />over the last six fiscal years, constitutional fuel <br />tax revenue received by Indian River County <br />increased 11.00%. <br />• County Fuel Tax <br />FIGURE 6.12: Constitutional Fuel Tax Revenue <br />$1,800 <br />$1,750 <br />$1,700 <br />$1,650 <br />$1,600 <br />$1,550 <br />$1,500 <br />$1,450 <br />$1,400 <br />2002 2003 2004 2005 2006 2007 <br />Revenue (in thousands) <br />Source: Indian River County Finance Department <br />$800 <br />$780 <br />$760 <br />$740 <br />$720 <br />$700 <br />$680 <br />$660 <br />$640 <br />Figure 6.13: County Fuel Tax <br />2002 2003 2004 2005 2006 2007 <br />Revenue (in thousands) <br />Source: Indian River County Finance Department <br />The county fuel tax is levied on motor fuel at the rate of one cent per net gallon. The legislative intent <br />of this tax is to reduce a county's reliance on ad valorem taxes. Funds received from this tax can be <br />Community Development Department <br />Supplement #13; Adopted November 18, 2008, Ordinance 2008-018 <br />Indian River County <br />15 <br />