Laserfiche WebLink
Comprehensive Plan Capital Improvements Element <br />Applying a distribution formula, the state allocates proceeds to counties to the extent necessary to <br />comply with all obligations to or for the benefit of holders of bonds, revenue certificates, and tax <br />anticipation certificates or any refunds secured by any portion of the tax proceeds. After complying <br />with the necessary debt service obligations, the state distributes a county's surplus funds to its <br />governing body. <br />Table 6.1 shows that revenue received from the constitutional fuel tax levy represented 0.60% of total <br />revenue received by Indian River County in FY 2019/20. Figure 6.12 shows that, over the last six <br />fiscal years, constitutional fuel tax revenue received by Indian River County increased by 1.97%. <br />• County Fuel Tax <br />The county fuel tax is levied on motor fuel at the <br />rate of one cent per net gallon. The legislative intent <br />of this tax is to reduce a county's reliance on ad <br />valorem taxes. Funds received from this tax can be <br />used by a county for transportation -related expenses, <br />including the reduction of bond indebtedness <br />incurred for transportation purposes. <br />Table 6.1 shows that funds received through the <br />county fuel tax levy represented 0.26% of all <br />revenue collected by Indian River County in FY <br />2019/20. Figure 6.13 shows that, over the last six <br />fiscal years, county fuel tax revenue received by <br />Indian River County increased 0.68%, but decreased <br />significantly from FY 2018/19 to FY 2019/20. <br />0 Alcoholic Beverage License Tax <br />Alcoholic beverage license taxes are levied on <br />manufacturers, distributors, vendors, and sales <br />agencies of alcoholic beverages in Florida. The tax <br />is administered, collected, enforced, and <br />distributed to local governments by the Division of <br />Alcoholic Beverages and Tobacco within the <br />Department of Business and Professional <br />Regulation. <br />Twenty-four percent of the license taxes imposed <br />on the sale of beer, wine and liquor collected <br />Community Development Department <br />Adopted December _ 2021, Ordinance 2021 - <br />Figure 6.13: County Fuel Tax by FY <br />$860 <br />$840 5833 <br />$820 $818 <br />$soz <br />$800 $783 <br />$780 <br />$760 $743 <br />$73e <br />$740 <br />$720 <br />$700 <br />$680 <br />14/15 15/16 16/17 17/18 18/19 19/20 <br />• Revenue (in thousands) <br />Source: Indian River County Finance Department <br />Indian River County <br />15 <br />146 <br />