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Comprehensive Plan Capital Improvements Element
<br />• County Revenue Sharing
<br />The current structure of the county revenue sharing
<br />program consists of two revenue sources. Those
<br />sources include 2.90% of net cigarette tax
<br />collections and 2.0810% of sales and use tax
<br />collections. Proceeds are collected by the state and
<br />then distributed to eligible counties based on an
<br />allocation formula. There are no use restrictions on
<br />the distributed revenue; however, there are some
<br />statutory limitations regarding those funds being
<br />used as a pledge for indebtedness.
<br />To receive distribution proceeds through the county
<br />revenue sharing program, counties must meet the
<br />following criteria:
<br />Figure 6.11: County Revenue Sharing
<br />by FY
<br />$4,500_,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,„,,,,,,,,,,,,,,,,,,,,,,,,.,,__ --....._
<br />$4,011
<br />$4,000 $3,601 $3,797
<br />$3,500 $3,333 $3,431
<br />$3,082
<br />$3,000 -
<br />$2,500
<br />$2,000
<br />$1,500
<br />$1,000
<br />$500
<br />13/14 14/15 15/16 16/17 17/18 18/19
<br />■ Revenue (in thousands)
<br />Source: Indian RiverCountyFinance 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 must have been sent to the Department of
<br />Financial Services, and post audits of those statements and accounts must have been provided.
<br />Table 6.1 shows that county revenue sharing funds represented 1.44% of all funds collected by Indian
<br />River County in FY 2018/19. Figure 6.11 shows that, between Fiscal Year 2013/14 and 2018/19,
<br />I d' Ri Ct ' f
<br />I a
<br />tn ver oun y s revenue 111L revenue
<br />sharing gradually increased.
<br />• Constitutional Fuel Tax
<br />The constitutional fuel tax is defined as an excise or
<br />license tax of two cents per gallon of motor fuel,
<br />imposed upon the first sale or first removal from
<br />storage (after importation into Florida). Revenues
<br />from this levy become state funds at the time of
<br />collection by the refiner, importer or wholesaler.
<br />In its current form, the constitutional fuel tax is a
<br />state -shared revenue source for counties only.
<br />Applying a distribution formula, the state allocates
<br />Community Development Department
<br />Adopted December 1” 2020, Ordinance 2020-018
<br />FIGURE 6.12: Constitutional Fuel Tax
<br />$1,950
<br />$1,900
<br />$1,850
<br />$1,800
<br />$1,750
<br />$1,700
<br />$1,650
<br />$1,600
<br />$1,550
<br />$1,500
<br />$1,450
<br />13/14 14/15 15/16 16/17 17/18 18/19
<br />MRevenue (in thousands)
<br />Source: Indian River County Finance De
<br />Indian River County
<br />14
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