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Comprehensive Plan Capital Improvements Element
<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 more than seven million dollars of impact fee revenue was collected in FY
<br />2017/18. This is nearly six and a half million dollars more than what was collected in FY 2010/11.
<br />Impact fee revenues decreased during the Great Recession, gradually increased through FY 2015/16
<br />and slightly decreased in FY 2016/17. During the past six years revenue from impact fees have
<br />increased 125.35%.
<br />• Local Discretionary Sales Surtax
<br />Pursuant to s. 212.055, F.S, local
<br />governments are authorized to levy
<br />numerous types of local discretionary sales
<br />surtaxes. Under the provisions of s.
<br />212.054, F.S., the local discretionary sales
<br />surtaxes apply to all transactions subject to
<br />the state tax imposed on sales, use,
<br />services, rentals, admissions, and other
<br />authorized transactions. The surtax is
<br />computed by multiplying the rate imposed
<br />by the county where the sale occurs by the
<br />amount of the taxable sale. This sales tax
<br />can be levied on most transactions under
<br />$5,000.
<br />Figure 6.6: Local Discretionary Sales Surtax by
<br />FY
<br />$20,000--- $18,708
<br />$16,859 $17,624
<br />$1e,aoo $,s,,90
<br />$16,000 $14,422 $15,228
<br />$14,000
<br />$12,000
<br />$10,000
<br />$8,000
<br />$6,000
<br />$4,000
<br />$2,000
<br />$,-
<br />12/13 13/14 14/15 15/16 16/17 17/18
<br />■ Revenue (in thousands)
<br />Source: Indian River County Finance Department
<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 />Procedurally, the Local Government Infrastructure Surtax must be enacted by a majority vote of the
<br />Board of County Commissioners and approved by voters in a countywide referendum. That surtax,
<br />which may be imposed for a maximum period of fifteen years, was imposed by Indian River County
<br />Community Development Department Indian River County
<br />Adopted December 3, 2019, Ordinance 2019-020 6
<br />
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