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Comprehensive Plan Capital Improvements Element Figure 6.10 displays the funds made available to Indian River County through the half -cent local government sales tax over the last six fiscal years. Over those six fiscal years, Indian River County's half -cent sales tax revenue increased 8.37%. Occasionally, governments can receive supplemental distributions by meeting special eligibility criteria; however, in no case can the total supplemental and ordinary distribution exceed the maximum per capita amount allowed by law. Governments are allowed wide latitude in using the half cent sales tax. For counties, the law provides only that half cent sales tax revenue be used for countywide tax relief or countywide programs. • County Revenue Sharing The current structure of the county revenue sharing program consists of two revenue sources. These 0 sources include 2.90 /o of net cigarette tax collections and 2.044% of sales and use tax collections. Proceeds are collected by the state and then distributed to eligible counties based on an allocation formula. There are no use restrictions on the distributed revenue; however, there are some statutory limitations regarding these funds being used as a pledge for indebtedness. To receive distribution proceeds through the county revenue sharing program, counties must meet the following criteria: (1) That law enforcement officers and firefighters are certified and meet state requirements; Source: Indian River County Finance Department (2) That certification of taxable value for a property tax levy is made in a timely and correct manner to the Department of Revenue; (3) That the county's most recent financial reports have been sent to the Department of Banking and Finance, and post audits of these statements and accounts have been provided. Community Development Department Supplement #_; Adopted November _, 2009, Ordinance 2009 - Indian River County 14