Laserfiche WebLink
Comprehensive Plan Capital Improvements Element <br />• County Revenue Sharing <br />The current structure of the county revenue <br />sharing program consists of two revenue <br />sources. Those sources include 2.90% of net <br />cigarette tax collections and 2.0810% of sales <br />and use tax collections. Proceeds are collected <br />by the state and then distributed to eligible <br />counties based on an allocation formula. There <br />are no use restrictions on the distributed <br />revenue; however, there are some statutory <br />limitations regarding those funds being used as <br />a pledge for indebtedness. <br />To receive distribution proceeds through the <br />county revenue sharing program, counties must <br />meet the following criteria: <br />Figure 6.11: County Revenue <br />$5,000 Sharing by FY <br />$4.417 <br />$4,500 54,011 <br />$4,000 $3.601 53,797 $3,772 <br />53,431 <br />$3,500 <br />$3,000 <br />$2,500 <br />$2,000 <br />$1,500 <br />$1,000 <br />$500 <br />15/16 16/17 17118 18119 19120 20/21 <br />@Revenue (in thousands) <br />Source: Indian River County Finance 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 <br />reports must have been sent to the <br />Department of Financial Services, and <br />post audits of those statements and <br />accounts must have been provided. <br />Table 6.1 shows that county revenue sharing <br />funds represented 1.35% of all funds collected <br />by Indian River County in FY 2020/21. Figure <br />6.11 shows that, between Fiscal Year 2015/16 <br />and 2020/21, Indian River County's revenue <br />from revenue sharing increased by 28.74. <br />• Constitutional Fuel Tax <br />The constitutional fuel tax is defined as an <br />FIGURE 6.12: Constitutional Fuel Tax <br />$1 950 Revenue by FY <br />51.916 <br />$1,900 <br />S1;853 <br />$1,850 51,814 51.812 <br />$1,800 $1,766 <br />$1,750 <br />51.707 <br />$1,700 <br />$1,650 <br />$1,600 <br />15/16 16/17 17/18 18/19 19/20 20/21 <br />■Revenue (in thousands) <br />Source: Indian River County Finance Department <br />excise or license tax of two cents per gallon of motor fuel, imposed upon the first sale or first removal <br />Community Development Department <br />Adopted December _, 2022, Ordinance 2022 - <br />Indian River County <br />15 <br />234 <br />