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Comprehensive Plan Capital Improvements Element increased the existing traffic impact fee rates. The current impact fees include: traffic, emergency services, parks and recreation, public schools, solid waste, correctional facilities, law enforcement, libraries, and public buildings. Table 6.1 shows the substantial increase in impact fee revenues related to the addition of the eight new impact fees and the increase in traffic impact fee rates. In FY 2003/04, traffic impact fees represented 5.17% of funds collected by Indian River County. In contrast, traffic impact fees and the eight additional impact fees represented 14.31 % of funds collected by Indian River County for FY 2004/05. 0 Local Discretionary Sales Surtax Local governments are authorized to levy numerous types of local discretionary sales surtaxes pursuant to s. 212.055, F.S. Under the provisions of s. 212.054, F.S., the local discretionary sales surtaxes apply to all transactions subject to the state tax imposed on sales, use, services, rentals, admissions, and other authorized transactions. The surtax is computed by multiplying the rate imposed by the county where the sale occurs by the amount of the taxable sale. This sales tax can be levied on most transactions under $5000. Under this category, Indian River County is eligible to impose a Local Government Infrastructure Surtax of either 0.5% or 1.0% and a School Capital Outlay Surtax of up to 0.5%. Currently, Indian River County imposes only the 1.0% Infrastructure Surtax. The Local Government Infrastructure Surtax must be enacted by a majority vote of the Board of County Commissioners and approved by voters in a countywide Figure 6.6: Local Discretionary Sales Su rtax $18,000 $16,000 $15,583 $14,000 $12,850 $12,000 $tows $tt,,az $11,400 $11,678 $10,000 $8,000 $6,000 $4,000 $2,000 2000 2001 2002 2003 2004 2005 Revenue (in thousands) Source: Indian River County Finance Department referendum: This surtax, which may be imposed for a maximum period of fifteen years, was initiated by Indian River County in April, 1989, and was renewed by voters in November, 2002. Generally, the proceeds must be expended to finance, plan, and construct infrastructure; to acquire land for public recreation or conservation or protection of natural resources; and to finance the closure of local government-owned solid waste landfills that are already closed or are required to close by order of the Department of Environmental Protection. Community Development Department Indian River County 6