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2005-169a
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2005-169a
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Last modified
7/19/2016 11:11:28 AM
Creation date
9/30/2015 8:44:50 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Interlocal Agreement
Approved Date
05/17/2005
Control Number
2005-169A
Agenda Item Number
9.A.1
Entity Name
Tindale-Oliver
Subject
Impact Fee Study Interlocal Agreement
Supplemental fields
SmeadsoftID
4919
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fees is given only for revenue used towards the capital expansion of school facilities , and <br /> not for maintenance or operation costs . <br /> The following state and local sources of revenues will be considered in developing <br /> impact fee credits . <br /> • Public Education Capital Outlay ; <br /> • State Capital Outlay and Debt Service; <br /> • State "Classroom for Kids" ; and <br /> • Local revenues generated for taxes paid on vacant land . <br /> State Revenue Credit for Expansion of Student Stations <br /> The Florida State Constitution authorizes two sources of revenue for school districts : <br /> Public Education Capital Outlay (PECO ) and Capital Outlay and Debt Service (CO &DS ) . <br /> Revenues from PECO are generated through a 2 . 5 percent tax imposed on the gross <br /> receipts of sellers of electricity , natural or manufactured gas , and telecommunication <br /> services in the State . Revenues generated from this tax are used to fund capital <br /> renovation and expansion projects for public education facilities . CO &DS revenues are <br /> generated from the licensing of motor vehicles and motor homes and are also used for <br /> capital renovation and expansion projects for public education facilities . CO & DS <br /> revenues are distributed annually among school districts and community college districts <br /> based on a constitutional formula . 3 In addition to the PECO and CO & DS revenues, the <br /> School District also uses " Classroom for Kids " revenues for expansion projects . <br /> According to the IRC School District, PECO , CO & DS , and " Classroom for Kids " <br /> revenues are used only for capital expansion expenditures , and not for renovation <br /> expenditures . Therefore , these revenues are included in the State credit calculation in <br /> Table IX -4 . <br /> Based on budgeted revenues for these three sources that will be available over the next <br /> five years , the total projected state revenues available for the expansion of student <br /> stations is nearly $ 10 . 2 million . Thus , the annual PECO , CO &DS , and "Classroom for <br /> Kids" funds are divided by the 1 , 804 planned student stations that, according to the IRC <br /> School District, are expected to be constructed over the next five years . Table IX -4 <br /> indicates a state revenue credit per student of $ 5 , 652 . <br /> ' State of Florida, Local Government Information Handbook, September 2000 . <br /> Tindale -Oliver & Associates , Inc . Indian River County <br /> May 2005 IX - 10 Impact Fee Study <br />
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