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Comprehensive Plan Capital Improvements Element rebounded in FY 2009/10 to within $31,000 of FY 2004/05 levels. Between FY 2004/05 and 2009/10, local option fuel tax revenue decreased by 0.92%. One reason for that is that fuel prices were quite high in 2009/10, and fuel consumption by consumers slowed (less traveling). The subsequent rebound in local option fuel tax revenue can be attributed to a number of factors, including an increase in the tax distribution rate from the state from 71.12% in 2007/08 to 72.58% in 2009/10. All sixty-seven Florida counties levy a portion of the original local option fuel tax. While sixty-six counties levy the full $0.06, the remaining county levies a portion of the tax. Table 6.3 identifies the local fuel taxes levied in Indian River County and in other counties in the region. As shown in Table 6.3, Saint Lucie, Martin, Okeechobee, and Palm Beach counties all levy the highest allowable fuel taxes at $0.12 per gallon. Those four counties impose both the Ninth Cent Fuel Tax and the One to Five Cent Local Option Fuel Tax. While Indian River County is eligible to levy the Ninth -Cent Fuel Tax and the One to Five Cent Local Option Fuel Tax either by extraordinary vote of the Board of County Commissioners or by voter approval in a countywide referendum, it does not currently levy either tax. At this time, fifty-one of the sixty-seven Florida counties levy the Ninth -Cent Fuel Tax, while twenty-four of the sixty-seven Florida counties impose at least a portion of the One to Five Cent Local Option Fuel Tax. Table 6.3: Local Fuel Tax Rates County One to Six Cent Local Option Fuel Tax One to Five Cent Local Option Fuel Tax Ninth Cent Fuel Tax Total Local Fuel Tax Brevard $0.06 -------- -------- $0.06 Indian River $0.06 -------- -------- $0.06 Martin $0.06 $0.05 $0.01 $0.12 Okeechobee $0.06 $0.05 $0.01 $0.12 Palm Beach $0.06 $0.05 $0.01 $0.12 St. Lucie $0.06 $0.05 $0.01 $0.12 Source: Florida Department of Revenue, Office of Tax Research. December 10, 2010. • Franchise Fee/Tax Counties and municipalities may exercise their home rule authority to impose a fee upon a utility for the grant of a franchise and the privilege of the utility using the local government's rights-of-way to conduct the utility's business. Franchise fees are typically levied through a franchise agreement Community Development Department Indian River County Adopted November _, 2011, Ordinance 2011-_ 10