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Comprehensive Plan Capital Improvements Element <br />Many of the revenue sources identified in the CIP have unique characteristics. For example, sales <br />taxes react differently than gas taxes to similar circumstances The analysis accounts for such <br />differences. Gas taxes are levied on a per gallon basis rather than a percentage basis like sales <br />tax. Therefore, gas taxes do not increase as a result of rising prices the way sales taxes do. <br />Further, gas taxes do not typically decline as significantly as sales taxes during economic <br />slowdowns. Property taxes, impact fees, user fees, interest earnings, and other revenues have <br />additional behavioral characteristics that were considered in estimating future receipts. All such <br />estimates were developed with the use of professionally accepted methodologies. To ensure a <br />financially balanced CIP (see Appendix A), scheduled expenditures were constrained by projected <br />revenues. <br />The county's general revenues have been projected for fiscal years 2008/09 through 2012/13. This <br />section addresses general revenues and earmarked projected revenues as well as the county's tax base <br />and millage rate projections. <br />• Overall Projected Revenues <br />Table 6.7 summarizes the county's projected overall revenues for fiscal years 2008/09 through <br />2012/13. These revenues include the county's general governmental funds, enterprise funds, and <br />internal funds. As table 6.7 shows, general revenue collected by the county is projected to decrease <br />slightly over the next few fiscal years and increase by only 1.57% by fiscal year 2012/13. General <br />revenue is projected to increase from $350,090,261 in FY 2008/09 to $355,599,000 in FY 2012/13. <br />Community Development Department Indian River County <br />Supplement #13; Adopted November 18, 2008, Ordinance 2008-018 <br />30 <br />