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Comprehensive Plan Capital Improvements Element
<br />Projected Debt Capacity
<br />Debt Financing is one way that the county has provided for its capital facility needs. The primary
<br />rationale for providing capital facilities through indebtedness is that it spreads the cost of a facility
<br />over its useful life and thus is paid for by those who will use the facility.
<br />Table 6.15 identifies the amount of revenue that the County can raise by issuing revenue bonds.
<br />Those bonds can be issued without a public vote. That table identifies the County's bonding capacity
<br />for 10, 20, and 30 years. As table 6.15 indicates, the County's available bonding capacity for a 10 year
<br />issue is $170,000,000, while its bonding capacity for a 30 year issue is$380,200,000.
<br />Half Cent Sales Tax $54,500,000 $100,200,000 $131,000,000
<br />Gas Taxes $51,300,000 $87,800,000 $110,500,000
<br />Tourist Tax $11,000,000 $18,900,000 $23,800,000
<br />County Revenue
<br />Program First $1,900,000 $3,200,000 $4,000,000
<br />Guaranteed Entitlement
<br />County Revenue
<br />Program Second
<br />Guaranteed Entitlement
<br />$3,900,000
<br />$6,60000
<br />$8,400,000
<br />Sub -Total
<br />$122,600,000
<br />$216,700,000
<br />$277,700,000
<br />Possible Pledge Sources
<br />Franchise Fees
<br />$38,700,000
<br />$66,300,000
<br />$83,500,000
<br />Road Impact Fees
<br />$8,700,000
<br />$15,000,000
<br />$19,000,000
<br />Sub -Total
<br />$47,400,000
<br />$81,300,000
<br />$102,500,000
<br />TOTAL
<br />$170,000,000
<br />$298,000,000
<br />$380,200,000
<br />*Rates are comparable term AAA rated municipal bond yields as of 9/5/12
<br />Source: Indian River County Office of Management ano tsuuget.
<br />Debt Service Obligations
<br />Community Development Department Indian River County
<br />Adopted , 2012, Ordinance 2012-
<br />38
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