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Comprehensive Plan Capital Improvements Element
<br />8 new impact fees. At the same time, the County increased the existing traffic impact fee rates. The
<br />current impact fees include: traffic, emergency services, parks and recreation, public schools, solid
<br />waste, correctional facilities, law enforcement, libraries, and public buildings.
<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 the
<br />eight additional impact fees represented 14.31 % of funds collected by Indian River County for FY
<br />2004/05. Since FY 2004/05, impact fee funds have dramatically declined with the slowing economy.
<br />Local Discretionary Sales Surtax
<br />Local governments are authorized to levy
<br />numerous types of local discretionary sales
<br />surtaxes pursuant to s. 212.055, F.S. Under
<br />the provisions of s. 212.054, F.S., the local
<br />discretionary sales surtaxes apply to all
<br />transactions subject to the state tax imposed
<br />on sales, services, rentals, admissions, and
<br />other authorized transactions. The surtax is
<br />computed by multiplying the rate imposed by
<br />the county where the sale occurs by the
<br />amount of the taxable sale. This sales tax can
<br />be levied on most transactions under $5,000.
<br />Under this category, Indian River County is
<br />eligible to impose a Local Government
<br />Infrastructure Surtax of either 0.5% or 1.0%
<br />and a School Capital Outlay Surtax of up to
<br />0.5%. Currently, Indian River County
<br />imposes only the 1.0% Infrastructure Surtax.
<br />Figure 6.6: Local Discretionary Sales
<br />Surtax
<br />$18,000
<br />$16,000
<br />$15,583 $15,736
<br />$
<br />$14,000
<br />$1z,fiw
<br />$13,714
<br />—
<br />$12,000
<br />$11,678
<br />—
<br />$10,000
<br />$8,000
<br />—
<br />—
<br />$6,000
<br />$4,000
<br />—
<br />—
<br />$2,000
<br />$
<br />,o
<br />f
<br />2003 2004 2005 2006 2007 2008
<br />ED Revenue (in thousands)
<br />Source: Indian River County Finance Department
<br />The Local Government Infrastructure Surtax must be enacted by a majority vote of the Board of
<br />County Commissioners and approved by voters in a countywide referendum. This surtax, which may
<br />be imposed for a maximum period of fifteen years, was initiated by Indian River County in April,
<br />1989, and was renewed by voters in November, 2002. Generally, the proceeds must be expended to
<br />finance, plan, and construct infrastructure; to acquire land for public recreation or conservation or
<br />protection of natural resources; and to finance the closure of local government-owned solid waste
<br />landfills that are already closed or are required to close by order of the Department of Environmental
<br />Protection.
<br />Community Development Department Indian River County
<br />Supplement #_; Adopted November _, 2009, Ordinance 2009-_ 6
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