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S. G . r � Indian River County Chamber of Commerce A Resolution In Support of The One Cent Sales Tax Referendum Whereas 60 3% of Indian River County voters first levied a one cent optional sales tax in 1989 for a 15-year period, and Whereas In 2002, 65 5% of the County's voters approved a 15-year extension with the current levy expiring December 31, 2019; and Whereas the one cent optional sales tax has benefitted Indian River County residents for the last 27 years; and Whereas the one cent optional sales tax has helped pay for countless capital projects to provide public services that have benefited our quality of life such as law enforcement, new roads and bridges, emergency services, parks and recreation, a library, beach restoration, and stormwater management; and Whereas continuing the one cent optional sales tax will continue to pay for projects that are in the public's interest; and Whereas the one cent optional sales tax has demonstrated it has helped maintain our low ad valorem property*taxes savings local taxpayers $248,419,966 since 2007; and Whereas over the last 10-years, the one cent optional sales tax has helped Indian River County reduce its long-term debt from $143.4 million to $54 0 million; and Whereas the one cent optional sales tax has helped to keep impact fees low for businesses therefore increasing private sector taxable investment in our county; and Whereas the one cent optional sales tax is a tax that everyone pays tax— not just property owners; and Whereas our municipalities receive about $6 million in shared collected one cent optional sales tax revenues, along with about $16 million received by the county; Now, therefore, the Indian River County Chamber of C, erce supports the November 2016 ballNifial, a to Gontinue the County's one cent optional ales tax le v o ano 15 years Jeff SOP,t, C airman of th"e Board Penny Chander, Pr sident SchIitt ces Indian River County Chamber of Commerce