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Indian River County, Florida <br />Management's Discussion and Analysis <br />For the Year Ended September 30, 2010 <br />Indian River County, like the nation overall, has been experiencing a continuation of the economic <br />slowdown this year, impacting our tourism and retail industries. New construction activity has remained <br />sluggish. During the fiscal year, the County reached an agreement with a renewable energy production <br />facility to locate its facilities to Indian River County. <br />Some revenues have leveled off and some are beginning to show signs of a slight increase. Therefore, <br />our revenue projections for next year are mixed. For example, Half -Cent Sales Tax is increasing 2%, <br />while interest earnings are expected to drop 39.2%. State Shared Revenues are expected to increase by <br />3.2%, with building permits to decrease 5.1%. <br />With an increase in recycling and the department's cost cutting measures, Solid Waste Disposal District <br />(SWDD) commercial rates have decreased 0.1% for fiscal year 2010-2011. Residential rates and the <br />readiness -to -use fee remain unchanged. <br />Street lighting district assessment rates for ten of the districts were able to be decreased ranging from <br />8.33% to 33.3%. <br />All other rates and user's fees remain unchanged from fiscal year 2009-2010. <br />REQUESTS FOR INFORMATION <br />This financial report is designed to provide a general overview of the County's finances for all those <br />with an interest in the government's finances. Questions concerning any of the information provided in <br />this report or requests for additional financial information should be addressed to: <br />Clerk of the Circuit Court <br />Attention: Finance Department <br />1801 27th Street <br />Vero Beach, FL 32960 <br />14 <br />