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Comprehensive Plan Capital Improvements Element • County Revenue Sharing The current structure of the county revenue sharing program consists of two revenue sources. Those sources include 2.90% of net cigarette tax collections and 2.0810% of sales and use tax collections. Proceeds are collected by the state and then distributed to eligible counties based on an allocation formula. There are no use restrictions on the distributed revenue; however, there are some statutory limitations regarding those funds being used as a pledge for indebtedness. To receive distribution proceeds through the county revenue sharing program, counties must meet the following criteria: Figure 6.11: County Revenue Sharing by FY $4,500 --- — $4,011 $4,000 $3,601 $3,797 $3,772 $3,500 $3,333 53,431 $3,000 $2,500 $2,000 $1,500 $1,000 $500 14/15 15/16 16/17 17/18 18/19 19/20 ■ Revenue (in thousands) Source: Indian River County Finance Deparment (1) Law enforcement officers and firefighters are certified and meet state requirements; (2) Certification of taxable value for a property tax levy is made in a timely and correct manner to the Department of Revenue; (3) The county's most recent financial reports must have been sent to the Department of Financial Services, and post audits of those statements and accounts must have been provided. Table 6.1 shows that county revenue sharing funds represented 1.32% of all funds collected by Indian River County in FY 2019/20. Figure 6.11 shows that, between Fiscal Year 2014/15 and 2019/20, Indian River Coun 's revenue from rev n h ' ty e ue s armg gradually increased. • Constitutional Fuel Tax The constitutional fuel tax is defined as an excise or license tax of two cents per gallon of motor fuel, imposed upon the first sale or first removal from storage (after importation into Florida). Revenues from this levy become state funds at the time of collection by the refiner, importer or wholesaler. In its current form, the constitutional fuel tax is a state -shared revenue source for counties only. Community Development Department Adopted December _ 2021, Ordinance 2021-. FIGURE 6.12: Constitutional Fuel Tax $1,950 Revenue by FY $1,s1 $1,900 $1,853 $1,850 $1,814 $1,800 $1,766 $1,750 $1,700 $1,674 $1,650 $1,600 $1,550 14/15 15116 16117 17/18 18119 19/20 • Revenue (in thousands) Source: Indian River County Finance Department Indian River County 14 145