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ORDINANCE 2007-038
<br />Comprehensive Plan Capital Improvements Element
<br />Table 6.9 provides a summary of earmarked revenue projections by applicable comprehensive plan
<br />elements for fiscal years 2006/072007/08 through X2011/12. Projected revenues for
<br />transportation expenditures are broken down by their sources as shown in table 6.9. Earmarked
<br />projected revenues for the transportation element are expected to increase by 9-1673.4% over the
<br />next five fiscal years, from $27n- ,0 23,434,000 in FY 2006,1072007/08 to
<br />$24,50;86$40,667,000 in FY 2010/1-1-2011 /12. Part of the planned revenue increase in fiscal year
<br />2010/1.1 and fiscal Year 2011/1.2 is from a planned 6 cent per gallon tax increase on gasoline (Local.
<br />Option Gas Tax). Further, proposed transportation projects within fiscal year 2011/12 are proposed to
<br />be partially funded from the bonding of the proposed additional 6 cent per gallon gas tax plus the
<br />county's current 6 cent per gallon gas tax (total. of 12 cents per gallon). Earmarked revenue for the
<br />potable water and sanitary sewer sub -elements is expected to increase by 19.88.24% over the next
<br />five fiscal years, from $272,Wl32.436,000 in FY 2096l072007/08 to $30,193,00035J 110,000 in
<br />FY 2010/112011/12. And earmarked revenue for the solid waste sub -element is expected to increase
<br />by 10.3 over the next five years, from $",°11,255,000 -in FY 2806<072007/08 to
<br />$13,1764,-5412 �—,242.000 in FY x/11-2011/12.
<br />Table 6.91_1: Earmarked Projected Revenue by Comprehensive Plan Element
<br />Fiscal
<br />General Fund
<br />Transportation
<br />Potable
<br />Environmental Land
<br />Acquisition
<br />Year
<br />Fiscal
<br />Year
<br />Local
<br />Constitutional
<br />County
<br />Traffic
<br />1 cent
<br />Interest
<br />Tax Base
<br />Water &
<br />Sanitary
<br />Solid Waste
<br />Millage
<br />Option Gas
<br />Gas Tax
<br />Gas Tax
<br />Impact Fee
<br />optional
<br />on Gas
<br />Total
<br />Sewer
<br />Tax
<br />sales tax
<br />Tax
<br />2007/08
<br />$39233,000
<br />$1,747,000
<br />$791,000
<br />$3,6971000
<br />$1351915000
<br />$775,000
<br />$23,434,000
<br />$32,436,000
<br />$11,255,000
<br />2008/09
<br />$33265,000
<br />$1,76400
<br />$79900
<br />$5,760,000
<br />$13,455,000
<br />$783,000
<br />$25582600
<br />$33,085,000
<br />$11,5365000
<br />2009/10
<br />$3,298,000
<br />$1,7825000
<br />$807,000
<br />$12,6003000
<br />$13,724,000
<br />$7915000
<br />$31,202,000
<br />$33,7479000
<br />$11,767,000
<br />2010/11
<br />$7,031,000
<br />$11800,000
<br />$815,000
<br />1 $13,3205000
<br />$13,998,000
<br />$799,000
<br />$37,7633000
<br />$34,422,000
<br />$12200200
<br />2011/12
<br />$791019000
<br />$1,818,000
<br />$8239000
<br />$15,840,000
<br />1 $145278,000 1
<br />$807,000
<br />$40,667,000 1
<br />$35,110,000
<br />$12,24200
<br />Source: Indian River County Office of Management and Budget.
<br />• Tax Base, Assessment Ratio, Millage Rate
<br />Table 6.10 summarizes the county's tax base projections, which are categorized by fund, through FY
<br />1-2012/13. The countywide ad valorem tax base is the same as the general fund category
<br />identified in table 6.10.
<br />Table 6.182: Indian River County Tax Base and Millage Projections
<br />Fiscal
<br />General Fund
<br />M.S.T.U.
<br />Emergency Services
<br />District
<br />Environmental Land
<br />Acquisition
<br />Year
<br />Tax Base
<br />Millage
<br />Tax Base
<br />Millage
<br />Tax Base
<br />Millage
<br />Tax Base
<br />Millage
<br />Community Development Department Indian River County
<br />35
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