2006-323 - Laserfiche WebLink

Home Browse Search

Comprehensive Plan Capital Improvements Element In June of2005 , Indian River County bean to levy 8 new impact fees At the same time, the Countv increased the existing traffic impact fee rates The current impact fees include : traffic, emergency services parrs and recreation public schools solid waste correctional facilities. law enforcement libraries and public buildings Table 6. 1 shows that-the substantial increase in impact fee revenues related to the addition of the eight new impact fees and the increase in traffic impact fee rates hi FY 2003 /04 traffic impact fees represented 5 . 17% of funds collected by Indian River County e- F 04._ In contrast, traffic impact fees and the eight additional impact fees represented 14 . 31 % of funds collected by Indian River. County for FY 2004/05 . l igere 6 . 5 displays the Y o u a , ,atria Rivef Gounty over the laA six fiscal years . Startingwith FY 199942000, fevenue is for traffic impae! fiees only. This eliange • Local Discretionary Sales Surtax Local governments are authorized to levy numerous types of local discretionary sales surtaxes pursuant to s . 212 . 055 , F. S . Under the provisions of s . 212 . 054, F . S . , the local discretionary sales surtaxes apply to all transactions subject to the state tax imposed on sales, use, services, rentals, admissions , and other authorized _ - - - - transactions. The surtax is computed by I Figure 6.6 : Local Discretionary Sales multiplying the rate imposed by the county Surtax where the sale occurs by the amount of the taxable sale. This sales tax can be levied on $16, 000 -- -- -- most transactions under $5000. $16,000 - $15,M3 $14,000 Under this category, Indian River County is $12,000 $Y1,546 eligible to impose a Local Government $10,000 Infrastructure Surtax of either 0 . 5% or 1 . 0% $8, 000 - and a School Capital Outlay Surtax of up to $6, 000 - 0 . 5%. Currently, Indian River County $4,000 imposes only the 1 . 0% Infrastructure Surtax. $2 ,000 The Local Government Infrastructure Surtax 2000 2001 2002 2003 2004 2005 must be enacted by a majority vote of the Board of County Commissioners and ® Revenue (in thousands ) approved by voters in a countywide -- -- - - - Source Indian River County Finance Department referendum. This surtax, which may be imposed for a maximum period of fifteen years, was initiated by Indian River County in April, 1989, and was renewed by voters in November, 2002 . Generally, the proceeds must be expended to finance, plan, and construct infrastructure ; to acquire land for public recreation or conservation or protection of natural resources; and to finance the closure of local government-owned solid waste Community Development Department Indian River County 6