Laserfiche WebLink
Comprehensive Plan Capital Improvements Element <br />In its current form, the constitutional fuel tax is a state -shared revenue source for counties only. <br />Applying a distribution formula, the state <br />allocates proceeds to counties to the extent <br />necessary to comply with all obligations to or for <br />the benefit of holders of bonds, revenue <br />certificates, and tax anticipation certificates or <br />any refunds secured by any portion of the tax <br />proceeds. After complying with the necessary <br />debt service obligations, the state distributes a <br />county's surplus funds to its governing body. <br />Table 6.1 shows that revenue received from the <br />constitutional fuel tax levy represented 0.81 % of <br />total revenue received by Indian River County in <br />FY 2011/12. Figure 6.12 shows that, over the <br />last six fiscal years, constitutional fuel tax <br />revenue received by Indian River County <br />decreased 6.93%. <br />• County Fuel Tax <br />Figure 6.13: County Fuel Tax <br />$780 <br />$760 $757 <br />$740 <br />$720 $710 <br />$700 $sso <br />$695 $699 $696 <br />$680 <br />$660 <br />$640 <br />2007 2008 2009 2010 2011 2012 <br />■Revenue (inthousands) <br />Source: Indian River County Finance Department <br />The county fuel tax is levied on motor fuel at the rate of one cent per net gallon. The legislative intent <br />of this tax is to reduce a county's reliance on ad valorem taxes. Funds received from this tax can be <br />used by a county for transportation -related <br />expenses, including the reduction of bond <br />indebtedness incurred for transportation <br />purposes. <br />Table 6.1 shows that funds received through the <br />county fuel tax levy represented 0.35% of all <br />revenue collected by Indian River County in FY <br />2011/12. Figure 6.13 shows that, over the last <br />six fiscal years, county fuel tax revenue received <br />by Indian River County decreased 8.06%. <br />• Alcoholic Beverage License <br />Tax <br />Alcoholic beverage license taxes are levied on <br />manufacturers, distributors, vendors, and sales <br />Community Development Department <br />Adopted , 2013, Ordinance 2013 - <br />Figure 6.14: Alcoholic Beverage License Tax <br />$80 <br />$70$s7 <br />$60 $54 $56 $53 <br />$49 <br />$50 $50 <br />$40 <br />$30 <br />$20 <br />$10 <br />2007 2008 2009 2010 2011 2012 <br />■Revenue (in thousands) <br />Source: Indian River County Finance Department <br />Indian River County <br />15 <br />