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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 /> 3State of Florida, Local Government Information Handbook, September 2000 . <br /> Tindale-Oliver & Associates, Inc . Indian River County <br /> February 2005 IX- 10 Impact Fee Study <br />