Laserfiche WebLink
Comprehensive Plan Capital Improvements Element <br />(3) Fund convention bureaus and other tourist information bureaus as county agencies or by <br />contract with the Chamber of Commerce or similar associations in the county; <br />(4) Finance beach development and restoration as well as shoreline protection and <br />restoration of inland lakes and rivers to which there is public access; <br />(5) Construct, improve, maintain, and promote museums, zoos, fishing piers, or nature centers <br />which are publicly owned and operated either by the county or a not-for-profit organization <br />which opens the facilities to the public (applicable to those counties with a population less <br />than 500,000); <br />(6) Pledge the revenues to secure and liquidate revenue bonds issued by the county, <br />subject to certain limitations. <br />Figure 6.7 shows the Tourist Development Tax revenue received by Indian River County over the <br />last six fiscal years. During that time period, tourist tax revenue received by Indian River County <br />fluctuated based on market conditions but had <br />an overall decrease of 1.98%. <br />Local Option Fuel Tax <br />Local governments are authorized to levy up to <br />twelve cents of local option fuel taxes in the <br />form of three separate levies. Those levies are: <br />➢ a one to six cent local option <br />fuel tax; <br />➢ a one to five cent local option <br />fuel tax; and <br />➢ a ninth cent fuel tax. <br />Indian River County currently imposes the full <br />six cents of the one to six cent fuel tax. That <br />tax applies to every net gallon of motor and <br />diesel fuel sold within the county. The one to <br />Figure 6.8: Local Option Fuel Tax <br />Revenue <br />$3,400 $ 3,336 <br />$3,350 $3,319 $3,290 <br />$3,300 <br />$3,250 $3,zoo <br />$3,200 <br />$3,181 <br />$3,150 <br />$3,100 $ 3,043 <br />$3,050 <br />$3,000 <br />$2,950 <br />$2,900 <br />$2,850 <br />2006 2007 2008 2009 2010 2011 <br />■ Revenue (in thousands) <br />Source: Indian River County Finance Department <br />six cent fuel tax may be authorized by an <br />ordinance adopted by a majority vote of the governing body or voter approval in a county -wide <br />referendum. Generally, the proceeds may be used to fund transportation expenditures. <br />Table 6.1 shows that local option fuel tax revenue represented 1.58% of all funds collected by Indian <br />River County for FY 2010/ 11. Figure 6.8 shows that local option fuel tax revenue for the county has <br />Community Development Department Indian River County <br />Adopted , 2012, Ordinance 2012- 9 <br />