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Comprehensive Plan Capital Improvements Element <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 40.97%. <br />Occasionally, governments can receive <br />supplemental distributions by meeting special <br />eligibility criteria; however, in no case can the <br />total supplemental and ordinary distribution <br />exceed the maximum per capita amount <br />allowed by law. Governments are allowed <br />wide latitude in using the half cent sales tax. <br />For counties, the law provides only that half <br />cent sales tax revenue be used for countywide <br />tax relief or countywide programs. <br />• County Revenue Sharing <br />The current structure of the county revenue <br />sharing program consists of two revenue <br />sources. These sources include 2.90% of net <br />cigarette tax collections and 2.25% of sales <br />and use tax collections. Proceeds are collected <br />Source: Indian River County Finance Department <br />by the state and then distributed to eligible <br />counties based on an allocation formula. There are no use restrictions on the distributed revenue; <br />however, there are some statutory <br />limitations regarding these funds being <br />used as a pledge for indebtedness. <br />To receive distribution proceeds through <br />the county revenue sharing program, <br />counties must meet the following criteria: <br />(1) That law enforcement officers and <br />firefighters are certified and meet <br />state requirements; <br />(2) That certification of taxable value <br />for a property tax levy is made in a <br />timely and correct manner to the <br />Department of Revenue; <br />Source: Indian River County Finance Department <br />Community Development Department Indian River County <br />14 <br />