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(6) Finance beach park facilities, or beach, channel, estuary, or lagoon improvement,
<br />maintenance, renourishment, restoration, and erosion control, including construction
<br />of beach groins and shoreline protection, enhancement, cleanup, or restoration or
<br />inland lakes and rivers to which there is public access as those uses relate to the
<br />physical preservation of the beach, shoreline, channel, estuary, lagoon, or inland lake
<br />or river;
<br />(7) Pledge the revenues to secure and liquidate
<br />certain limitations.
<br />Figure 6.7 shows the Tourist Development Tax
<br />revenue received by Indian River County over the
<br />last six fiscal years. Since FY 2011/12, Tourist
<br />Development Tax revenue has increased 75.58%.
<br />➢ Local Option Fuel Tax
<br />Local governments are authorized to levy up to
<br />twelve cents of local option fuel taxes in the form
<br />of three separate levies. Those levies are:
<br />➢ a one to six cent local option fuel
<br />tax;
<br />➢ a one to five cent local option fuel
<br />tax; and
<br />➢ a ninth cent fuel tax.
<br />revenue bonds issued by the county, subject to
<br />Indian River County currently imposes the full six cents of the one to six cent fuel tax. That tax
<br />applies to every net gallon of motor and diesel fuel sold within the county. The one to six cent fuel
<br />tax may be authorized by an ordinance adopted by a majority vote of the governing body or voter
<br />approval in a county -wide referendum. Generally, the proceeds may be used to fund transportation
<br />expenditures.
<br />Table 6.1 shows that local option fuel tax revenue represented 1.51 % of all funds collected by Indian
<br />River County for FY 2016/17: Figure 6.8 shows that, between FY 2011/12 and FY 2014/15 there
<br />has been a downward trend with local option fuel tax revenue for the county. That downward trend
<br />ended in FY 2014/15, when local option fuel tax revenue significantly increased. The more recent
<br />increase in local option fuel tax revenue can be attributed to an improving economy and lower fuel
<br />prices which have led to an increase in fuel consumption.
<br />All sixty-seven Florida counties levy the full $0.06 of the original local option fuel tax.
<br />Table 6.3 identifies the local fuel taxes levied in Indian River County and in other counties in the
<br />region. As shown in Table 6.3, Saint Lucie, Martin, Okeechobee, and Palm Beach counties all levy
<br />Community Development Department Indian River County
<br />Adopted December 4, 2018, Ordinance 2018-025 9
<br />Figure 6.8: Local Option Fuel Tax Revenue
<br />by FY
<br />$3,700
<br />t
<br />$3,600
<br />$3,500
<br />-
<br />$3,400
<br />-
<br />$3,300
<br />-
<br />$3,200
<br />-
<br />$3,100
<br />$3,000
<br />-
<br />$2,900
<br />-
<br />$2,800
<br />,
<br />11/12 12/13 13/14 14/15 15/16 16/17
<br />aRevenue (in thousands)
<br />Source: Indian River County Finance Department
<br />Indian River County currently imposes the full six cents of the one to six cent fuel tax. That tax
<br />applies to every net gallon of motor and diesel fuel sold within the county. The one to six cent fuel
<br />tax may be authorized by an ordinance adopted by a majority vote of the governing body or voter
<br />approval in a county -wide referendum. Generally, the proceeds may be used to fund transportation
<br />expenditures.
<br />Table 6.1 shows that local option fuel tax revenue represented 1.51 % of all funds collected by Indian
<br />River County for FY 2016/17: Figure 6.8 shows that, between FY 2011/12 and FY 2014/15 there
<br />has been a downward trend with local option fuel tax revenue for the county. That downward trend
<br />ended in FY 2014/15, when local option fuel tax revenue significantly increased. The more recent
<br />increase in local option fuel tax revenue can be attributed to an improving economy and lower fuel
<br />prices which have led to an increase in fuel consumption.
<br />All sixty-seven Florida counties levy the full $0.06 of the original local option fuel tax.
<br />Table 6.3 identifies the local fuel taxes levied in Indian River County and in other counties in the
<br />region. As shown in Table 6.3, Saint Lucie, Martin, Okeechobee, and Palm Beach counties all levy
<br />Community Development Department Indian River County
<br />Adopted December 4, 2018, Ordinance 2018-025 9
<br />t
<br />■
<br />■
<br />Indian River County currently imposes the full six cents of the one to six cent fuel tax. That tax
<br />applies to every net gallon of motor and diesel fuel sold within the county. The one to six cent fuel
<br />tax may be authorized by an ordinance adopted by a majority vote of the governing body or voter
<br />approval in a county -wide referendum. Generally, the proceeds may be used to fund transportation
<br />expenditures.
<br />Table 6.1 shows that local option fuel tax revenue represented 1.51 % of all funds collected by Indian
<br />River County for FY 2016/17: Figure 6.8 shows that, between FY 2011/12 and FY 2014/15 there
<br />has been a downward trend with local option fuel tax revenue for the county. That downward trend
<br />ended in FY 2014/15, when local option fuel tax revenue significantly increased. The more recent
<br />increase in local option fuel tax revenue can be attributed to an improving economy and lower fuel
<br />prices which have led to an increase in fuel consumption.
<br />All sixty-seven Florida counties levy the full $0.06 of the original local option fuel tax.
<br />Table 6.3 identifies the local fuel taxes levied in Indian River County and in other counties in the
<br />region. As shown in Table 6.3, Saint Lucie, Martin, Okeechobee, and Palm Beach counties all levy
<br />Community Development Department Indian River County
<br />Adopted December 4, 2018, Ordinance 2018-025 9
<br />
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