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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 />nine impact fees include: traffic, emergency services, parks and recreation, public schools, solid
<br />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 are: 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, the Board of County Commissioners re-evaluated the
<br />impact fee suspension and ultimately voted to continue suspending three of the five previously
<br />suspended impact fees; until March 31, 2012. Those three fees are: public buildings, correctional
<br />facilities, and solid waste facilities.
<br />Figure 6.5 shows the substantial amount of impact fee revenue collected in FY 2004/05. That amount
<br />can be attributed to the addition of the eight new impact fees, the increase in traffic impact fee rates,
<br />and the substantial amount of development occurring during the building boom. That figure also
<br />shows the dramatic decline of impact fee revenue associated with the slowing economy starting in
<br />FY 2005/06 and the additional decline in impact fee revenue related to the suspension of several
<br />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 />Figure 6.6: Local Discretionary Sales
<br />Surtax
<br />$18,000 - --
<br />$16,000 $15,583
<br />$14,550
<br />$13,023
<br />$14,000 $13,714 $12,661
<br />$12,000 -- --
<br />$10,000 ---
<br />$8,000
<br />$6,000 -
<br />$4,000 -
<br />$2,000 —
<br />$-
<br />2005 2006 2007 2008 2009 2010
<br />Revenue (in thousands)
<br />eligible to impose a Local Government Source: Indian River County Finance Department
<br />Community Development Department Indian River County
<br />Adopted November _, 2011, Ordinance 2011-_ 6
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