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Comprehensive Plan Capital Improvements Element <br />1989, and was renewed by voters in November, 2002 and again in November 2016. Generally, the <br />proceeds must be expended to finance, plan, and construct infrastructure; to acquire land for public <br />recreation or conservation or protection of natural resources; or to finance the closure of local <br />government-owned solid waste landfills that are already closed or are required to close by order of <br />the Department of Environmental Protection. <br />Table 6.1 shows that local sales surtax revenue represented 7.74% of all funds collected by <br />Indian River County in FY 2021/22. Figure 6.6 displays the Local Discretionary Sales Surtax <br />revenue received by Indian River County over the last seven fiscal years. This local revenue <br />source increased by 54.30% over that period. <br />Distribution of surtax proceeds is based on the specifics of an interlocal agreement or through a <br />formula based on population. In Indian River County, Local Infrastructure Surtax revenue is <br />distributed to county government and municipal governments through a formula based on <br />population. <br />Currently, 25 of the 67 Florida counties levy a Local Government Infrastructure Surtax. Within <br />Indian River County's region, Martin and St. Lucie counties do not levy the surtax. While <br />Okeechobee County is eligible to levy the infrastructure surtax, it instead levies a Small County <br />Surtax of 1%. That is another local discretionary sales surtax. <br />Planning & Development Services Indian River County <br />Adopted February____, 2024, Ordinance 2024- 7 <br />175 <br />