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Comprehensive Plan Capital Improvements Element
<br />fee rates. The nine impact fees include: traffic, emergency services, parks and recreation, public
<br />schools, solid waste, correctional facilities, law enforcement, 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 were: 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 March
<br />16, 2010 vote of the Board of County Commissioners extended the suspension of the five impact
<br />fees to March 31, 2011. On March 15, 2011 and again on March 13, 2012, the Board of County
<br />Commissioners re-evaluated the impact fee suspension and ultimately voted to continue suspending
<br />three of the five previously suspended impact fees. Those three fees were: public buildings,
<br />correctional facilities, and solid waste facilities. The March 13, 2012 vote of the Board of County
<br />Commissioners suspended the three fees until March 31, 2014.
<br />Figure 6.5 shows that a substantial amount of impact fee revenue was collected in FY 2005/06. That
<br />amount can be attributed to the addition of the eight new impact fees in 2005, the increase in traffic
<br />impact fee rates, and the substantial amount of development occurring during the building boom.
<br />That figure also shows the dramatic decline of impact fee revenue associated with the slowing
<br />economy starting in FY 2005/06 and the additional decline in impact fee revenue related to the
<br />suspension of several impact fees starting in FY 2008/09.
<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 on
<br />most transactions under $5,000.
<br />Under this category, Indian River County is
<br />eligible to impose a Local Government
<br />Community Development Department
<br />Adopted , 2012, Ordinance 2012 -
<br />Figure 6.6: Local Discretionary Sales
<br />Surtax
<br />$18,000
<br />$15,736
<br />$16,000 $14,550
<br />$13'714 $13,023 $12,942
<br />$14,000 $12,661
<br />$12,000
<br />$10,000
<br />$8,000
<br />$6,000
<br />$4,000
<br />$2,000
<br />$-
<br />2006 2007 2008 2009 2010 2011
<br />■ Revenue (in thousands)
<br />Source: Indian River County Finance Department
<br />Indian River County
<br />G
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