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Comprehensive Plan Capital Improvements Element
<br />of 2005, Indian River County began to levy 8 new impact fees. At the same time, the County
<br />increased the existing traffic impact fee rates. The nine impact fees include: traffic, emergency
<br />services, parks and recreation, public schools, solid waste, correctional facilities, law enforcement,
<br />libraries, and public buildings.
<br />On March 3, 2009, the Board of County Commissioners considered several alternatives to reduce
<br />impact fees for the purpose of stimulating economic development in the county. After discussion,
<br />the Board decided to suspend collection of five of the county's nine impact fees for six months. The
<br />five suspended impact fees are: emergency services, correctional facilities, public buildings, law
<br />enforcement, and solid waste. On September 22, 2009 and again on March 16, 2010 the Board of
<br />County Commissioners voted to further extend the suspension of the five impact fees. The current
<br />suspension of impact fees will expire on March 31, 2011.
<br />Figure 6.5 shows the substantial increase in impact fee revenues related to the addition of the eight
<br />new impact fees and the increase in traffic impact fee rates. In FY 2003/04, traffic impact fees
<br />represented 5.17% of funds collected by Indian River County. In contrast, traffic impact fees and
<br />the eight additional impact fees represented 14.31% of funds collected by Indian River County for
<br />FY 2004/05. Since FY 2004/05, impact fee funds have dramatically declined with the slowing
<br />economy and the suspension of five of the impact fees.
<br />Local Discretionary Sales Surtax
<br />Pursuant to s. 212.055, F.S, local
<br />governments are authorized to levy
<br />numerous types of local discretionary sales
<br />surtaxes. Under the provisions of s.
<br />212.054, F.S., the local discretionary sales
<br />surtaxes apply to all transactions subject to
<br />the state tax imposed on sales, services,
<br />rentals, admissions, and other authorized
<br />transactions. The surtax is computed by
<br />multiplying the rate imposed by the county
<br />where the sale occurs by the amount of the
<br />taxable sale. This sales tax can be levied
<br />on most transactions under $5,000.
<br />Under this category, Indian River County
<br />is eligible to impose a Local Government
<br />Infrastructure Surtax of either 0.5% or
<br />Figure 6.6: Local Discretionary Sales
<br />Surtax
<br />$18,000
<br />$15,736
<br />$16,000 $15,sas
<br />$14,550
<br />$13,714
<br />$14,000 $12,850 $13,023
<br />$12,000
<br />$10,000
<br />$8,000
<br />$6,000
<br />$4,000
<br />$2,000
<br />$-
<br />2004 2005 2006 2007 2008 2009
<br />❑ Revenue (in thousands)
<br />1.0% and a School Capital Outlay Surtax Source.- Indian River County Finance Department
<br />of up to 0.5%. Currently, Indian River County imposes only the 1.0% Infrastructure Surtax.
<br />Community Development Department Indian River County
<br />Adopted November 2, 2010, Ordinance 2010-024
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