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Ordinance No. 2014-020
<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 />On March 11, 2014 the Board of County Commissioners voted to suspend the same three impact fees
<br />until March 31, 2015 or until the County could complete its most recent impact fee review and adopt
<br />a new impact fee schedule. By early April 2014 the County had completed the nonresidential portion
<br />of its impact fee review and on April 22, 2014 the Board of County Commissioners adopted a
<br />revised reduced nonresidential impact fee schedule with an effective date of May 5, 2014. The
<br />residential impact fee review was completed in September of 2014 and a revised residential impact
<br />fee schedule was adopted by the Board of County Commissioners on October 14, 2014 with an
<br />effective date of February 2, 2015. For both the nonresidential impact fee schedule and the
<br />residential impact fee schedule the Board of County Commissioners voted to not collect the
<br />correctional facilities, solid waste facilities, and libraries impact fees at this time.
<br />Figure 6.5 shows that over five million dollars of impact fee revenue was collected in FY 2007/08.
<br />Although substantial, that amount was nineteen million dollars less than the amount of impact fees
<br />collected in FY 2005/06 (not shown in Figure 6.5). The substantial amount collected in FY 2005/06
<br />can be attributed to the addition of the eight
<br />new impact fees in 2005, the increase in traffic
<br />impact fee rates, and the substantial amount of
<br />development occurring during the building
<br />boom. The substantial decrease in the amount
<br />collected in FY 2007/08 and in subsequent
<br />years can be attributed to the slowing economy
<br />and the additional decline in impact fee revenue
<br />related to the suspension of several impact fees
<br />starting in FY 2008/09.
<br />Local Discretionary Sales Surtax
<br />Pursuant to s. 212.055, F.S, local governments
<br />are authorized to levy numerous types of local
<br />discretionary sales surtaxes. Under the
<br />provisions of s. 212.054, F.S., the local
<br />discretionary sales surtaxes apply to all
<br />transactions subject to the state tax imposed on
<br />Figure 6.6: Local Discretionary Sales
<br />Surtax
<br />$15,000
<br />$14,500
<br />$14,422
<br />$14,000 $13,709
<br />$13,500
<br />$13,000
<br />$12,500
<br />$12,000
<br />$11,500
<br />2008 2009 2010 2011 2012 2013
<br />■ Revenue (in thousands)
<br />Source: Indian River County Finance Department
<br />sales, services, rentals, admissions, and other authorized transactions. The surtax is computed by
<br />multiplying the rate imposed by the county where the sale occurs by the amount of the taxable sale.
<br />This sales tax can be levied on most transactions under $5,000.
<br />According to state law, Indian River County is eligible to impose a Local Government Infrastructure
<br />Surtax of either 0.5% or 1.0%. Currently, Indian River County imposes the 1.0% Infrastructure
<br />Surtax.
<br />Community Development Department Indian River County
<br />Adopted , 2014, Ordinance 2014- 6
<br />$13,714
<br />$13,023 $12,942
<br />$12,661
<br />Source: Indian River County Finance Department
<br />sales, services, rentals, admissions, and other authorized transactions. The surtax is computed by
<br />multiplying the rate imposed by the county where the sale occurs by the amount of the taxable sale.
<br />This sales tax can be levied on most transactions under $5,000.
<br />According to state law, Indian River County is eligible to impose a Local Government Infrastructure
<br />Surtax of either 0.5% or 1.0%. Currently, Indian River County imposes the 1.0% Infrastructure
<br />Surtax.
<br />Community Development Department Indian River County
<br />Adopted , 2014, Ordinance 2014- 6
<br />
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