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Comprehensive Plan Capital Improvements Element <br />County received $7,000,000 through the half -cent sales tax. As shown in table 6.1, that amount <br />represented 2.99% of all funds collected by Indian River County during the 2008/09 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 decreased 7.46%. <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 are 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 />0 <br />sources Include 2.90-/o of net cigarette tax <br />collections and 2.044% of sales and use tax <br />collections. Proceeds are collected by the <br />state and then distributed to eligible counties <br />based on an allocation formula. There are no <br />use restrictions on the distributed revenue; <br />however, there are some statutory limitations <br />regarding these funds being used as a pledge <br />for indebtedness. <br />To receive distribution proceeds through the <br />county revenue sharing program, counties <br />must meet the following criteria: <br />(1) That law enforcement officers and <br />firefighters are certified and meet <br />state requirements; <br />Figure 6.11: County Revenue Sharing <br />$3,500 <br />$3,118 $3,084 <br />$3,000 $2,894 $2,835 $2,850 <br />EE <br />$2,500 <br />$2,000 <br />$1,500 <br />$1,000 <br />$500 <br />$- <br />2004 2005 2006 2007 2008 2009 <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 Indian River County <br />Adopted November 2, 2010, Ordinance 2010-024 <br />14 <br />