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Comprehensive. Plan Capital Improvements Element <br />half cent sales tax. For counties, the law provides only that half cent sales tax revenue be used for <br />countvwide tax relief or countvwide nroarams. <br />• County Revenue Sharing <br />The current structure of the county revenue <br />sharing program consists of two revenue sources. <br />Those sources include 2.90% of net cigarette tax <br />collections and 2.0603% of sales and use tax <br />collections. Proceeds are collected by the state <br />and then distributed to eligible counties based on <br />an allocation formula. There are no use <br />restrictions on the distributed revenue; however, <br />there are some statutory limitations regarding <br />those funs being used as a pledge for <br />indebtedness. <br />To receive distribution proceeds through the <br />county revenue sharing program, counties must <br />meet the following criteria: <br />Figure 6.11: County Revenue Sharing <br />by FY <br />$4,000 <br />$3,500 $3,333 .' $3,431 <br />$2 894 $3,082 <br />$3,000 : $2,660 $2,751 <br />$2,500 <br />$2,000 <br />$1,500 <br />$1,000 <br />$500 <br />10/11 11/12 12/13 13/14 14/15 15/16 <br />■ Revenue (in thousands) <br />Source: Indian River County Finance Deparment <br />(1) Law enforcement officers and firefighters are certified and meet state requirements; <br />(2) Certification of taxable value for a property tax levy is made in a timely and correct manner to <br />the Department of Revenue; <br />(3) The county's most recent financial reports <br />must have been sent to the Department of <br />Financial Services, and post audits of <br />those statements and accounts must have <br />been provided. <br />Table 6.1 shows that county revenue sharing <br />funds represented 4-.&W.44% of all funds <br />collected by Indian River County in FY <br />2n�2015/16. Figure 6.11 shows that, between <br />Fiscal Year 2099482010/11 and 2015/16, <br />Indian River County's revenue sharing gradually <br />increased. , <br />Community Development Department <br />Adopted , Ordinance 2017 - <br />FIGURE 6.12: Constitutional Fuel Tax <br />Revenue by FY <br />$1,800 $1,76 <br />$1,750 <br />$1,700 $1,67 <br />$1,650 $1,628 <br />$1,600 $1,593 $1,597 <br />$1,573 <br />$1,550 <br />$1,500 <br />$1,450 <br />10/11 11/12 12/13 13/14 14/15 15/16 <br />■ Revenue (in thousands) <br />Source: Indian River County Finance Department <br />Indian River County <br />14 <br />P351 <br />