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Comprehensive Plan Capital Improvements Element
<br />fiscal year 2014/15, the proposed additional 6 cent per gallon gas tax will produce a significant
<br />revenue increase.
<br />For potable water and sanitary sewer, earmarked revenue is expected to increase by 7.69% over the
<br />next five fiscal years, from $27,782,075 in FY 2011/12 to $29,919,000 in FY 2015/16. Over the next
<br />five years, earmarked revenue for solid waste is expected to increase by 7.68% from $10,474,340 in
<br />FY 2011/12 to $11,279,000 in FY 2015/16.
<br />Table 6.8: Earmarked Projected Revenue by Comprehensive Plan Element
<br />Fiscal
<br />Year
<br />Transportation
<br />M.S.T.U.
<br />Emergency Services
<br />District
<br />Environmental Land
<br />Acquisition
<br />Potable
<br />Tax Base
<br />LOG
<br />Constitutional
<br />County
<br />Traffic
<br />1 cent
<br />Interest on
<br />Millage
<br />Fiscal
<br />Year
<br />Water &
<br />Sanitary
<br />Solid Waste
<br />$7,172,382,557
<br />Option Gas
<br />Tax*
<br />Gas Tax
<br />Gas Tax
<br />Impact Fee
<br />optional
<br />Gas Tax
<br />Total
<br />Sewer
<br />$6,598,591,952
<br />1.0733
<br />$9,911,933,195
<br />1.7148
<br />$13,007,912,044
<br />0.0717
<br />sales tax
<br />$12,178,930,945
<br />3.0892
<br />$6,598,591,952
<br />1.0733
<br />2011/12
<br />$3,225,000
<br />$1,640,000
<br />$725,000
<br />$1,050,000
<br />$12,000,000
<br />$130,000
<br />$18,770,000
<br />$27,782,075
<br />$10,474,340
<br />2012/13
<br />$3,225,000
<br />$1,640,000
<br />$725,000
<br />$1,300,000
<br />$12,349,349
<br />$195,000
<br />$19,434,349
<br />$27,782,000
<br />$10,474,000
<br />2013/14
<br />$3,257,000
<br />$1,656,000
<br />$732,000
<br />$1,550,000
<br />$12,473,000
<br />$195,000
<br />$19,863,000
<br />$28,477,000
<br />$10,736,000
<br />2014/15
<br />$6,077,946
<br />$1,673,000
<br />$739,000
<br />$2,000,000
<br />$12,598,000
<br />$260,000
<br />$23,347,946
<br />$29,189,000
<br />$11,004,000
<br />2015/16
<br />$6,139,000
<br />$1,690,000
<br />$746,000
<br />$2,450,000
<br />$12,724,000
<br />$260,000
<br />$24,009,000
<br />$29,919,000
<br />$11,279,000
<br />Source: Indian River County Ultice of Management and Budget.
<br />' Local Option Gas Tax above assumes the levy of an additional 6 cents beginning in fiscal year 2014/2015.
<br />• Tax Base, Assessment Ratio, Millage Rate
<br />Table 6.9 summarizes the county's tax base projections which are categorized by fund through FY
<br />2015/16. Overall, the countywide ad valorem tax base is the same as the general fund category
<br />identified in table 6.9.
<br />Table 6.9: Indian River County Tax Base and Millage Projections
<br />Fiscal
<br />Year
<br />General Fund -
<br />M.S.T.U.
<br />Emergency Services
<br />District
<br />Environmental Land
<br />Acquisition
<br />Tax Base
<br />Millage
<br />Tax Base
<br />Millage
<br />Tax Base
<br />Millage
<br />Tax Base
<br />Millage
<br />2011/12
<br />$13,237,968,419
<br />3.0892
<br />$7,172,382,557
<br />1.0733
<br />$10,773,840,429
<br />1.7148
<br />$13,007,912,044
<br />0.0717
<br />2012/13
<br />$12,178,930,945
<br />3.0892
<br />$6,598,591,952
<br />1.0733
<br />$9,911,933,195
<br />1.7148
<br />$13,007,912,044
<br />0.0717
<br />2013/14
<br />$12,178,930,945
<br />3.0892
<br />$6,598,591,952
<br />1.0733
<br />$9,911,933,195
<br />1.7148
<br />$13,333,109,845
<br />0.0699
<br />2014/15
<br />$12,483,404,219
<br />3.0892
<br />$6,763,556,751
<br />1.0733
<br />$10,159,731,525
<br />1.7148
<br />$13,666,437,591
<br />0.0682
<br />r2015/16 1
<br />$12,795,489,324
<br />3.0892
<br />$6,932,645,670
<br />1.0733
<br />$10,413,724,813
<br />1.7148
<br />$14,008,098,531
<br />0.0665
<br />Source: Indian River County Office of Management and Budget.
<br />Community Development Department
<br />Adopted November _, 2011, Ordinance 2011 -
<br />Indian River County
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