Laserfiche WebLink
Comprehensive Plan Capital Improvements Element <br /> Figure 6. 10 displays the funds made available to Indian River County through the half-cent local <br /> government sales tax over the last six fiscal years. Over those six fiscal years, Indian River County' s <br /> half-cent sales tax revenue increased -28 . 8140 . 97% . <br /> Occasionally, governments can receive -- <br /> supplemental distributions by meeting special Figure 6. 11 : County Revenue Sharing <br /> eligibility criteria; however, in no case can the <br /> total supplemental and ordinary distribution I $3,500 — <br /> exceed the maximum per capita amount <br /> $3.000 62 ,756 �.asa s2 ,635 <br /> allowed by law. Governments are allowed - <br /> wide latitude in using the half cent sales tax . $2, 500 $2 .366 $2,370 62 ,4$2 j <br /> For counties, the law provides only that half $2000 <br /> cent sales tax revenue be used for countywide <br /> tax relief or countywide programs . $1 ,500 - <br /> $1 , 000 - <br /> • County Revenue Sharing <br /> $500 - - <br /> The current structure of the county revenue s- <br /> sharing program consists of two revenue 2000 2001 2002 2003 2004 2005 <br /> sources. These sources include 2 . 90% of net IM Revenue (in thousands) <br /> cigarette tax collections and 2 .25 % of sales <br /> and use tax collections . Proceeds are collected <br /> Source: Indian River County Finance Department <br /> by the state and then distributed to eligible <br /> counties based on an allocation formula. There are no use restrictions on the distributed revenue; <br /> however, there are some statutory <br /> limitations regarding these funds being FIGURE 6. 12: Constitutional Fuel Tax <br /> used as a pledge for indebtedness . Revenue <br /> To receive distribution proceeds through <br /> the county revenue sharing program, $21 <br /> 000 <br /> counties must meet the following criteria : $ $so , <br /> $1,664 $1,763 <br /> $1 ,500 - <br /> ( 1 ) That law enforcement officers and <br /> firefighters are certified and meet $1 , 000 - - <br /> state requirements; <br /> $500 - -- - - - <br /> (2) That certification of taxable value <br /> for a property tax levy is made in a 2000 2001 2002 2003 2004 2005 <br /> timely and correct manner to the <br /> ® Revenue (in thousands) <br /> Department of Revenue ; <br /> Source: Indian River County Finance Department <br /> Community Development Department Indian River County <br /> 14 <br />