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Ordinance No. 2014-020
<br />Comprehensive Plan Capital Improvements Element
<br />Table 6.8: Earmarked Projected Revenue by Comprehensive Plan Element
<br />Fiscal
<br />Transportation
<br />Potable
<br />Water &
<br />Sanitary
<br />Sewer
<br />Solid Waste
<br />Option pialtion Gas
<br />Tax*
<br />Constitutional
<br />Gas Tax
<br />County
<br />Gas Tax
<br />Traffic
<br />Impact Fee
<br />1 cent
<br />optional
<br />sales tax
<br />Interest on
<br />Gas Tax
<br />Total
<br />2014/15
<br />3,040,000
<br />1,575,000
<br />700,000
<br />2,000,000
<br />13,000,000
<br />60,000
<br />20,375,000
<br />30,768,684
<br />11,685,228
<br />2015/16
<br />3,040,000
<br />1,575,000
<br />700,000
<br />2,250,000
<br />13,390,000
<br />60,000
<br />21,015,000
<br />31,538,000
<br />11,977,000
<br />2016/17
<br />3,070,000
<br />1,591,000
<br />707,000
<br />2,500,000
<br />13,792,000
<br />60,000
<br />21,720,000
<br />32,326,000
<br />12,276,000
<br />2017/18
<br />3,101,000
<br />1,607,000
<br />714,000
<br />2,750,000
<br />14,206,000
<br />120,000
<br />22,498,000
<br />33,134,000
<br />12,583,000
<br />2018/19
<br />3,132,000
<br />1,623,000
<br />721,000
<br />3,000,000
<br />14,632,000
<br />120,000
<br />23,228,000
<br />33,962,000
<br />12,898.000
<br />Source: Indian River County Office of Management and Budget.
<br />• Tax Base, Assessment Ratio, Millage Rate
<br />Table 6.9 summarizes the county's tax base forecasts which are categorized by fund through FY
<br />2018/19. 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 />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 />2014/15
<br />$13,441.943.201
<br />3.3375
<br />$7,425,430,077
<br />1.0733
<br />$10,980.137,436
<br />1.9799
<br />$13,441.943,201
<br />0.3694
<br />2015/16
<br />$13,777,991,781
<br />3.3375
<br />$7,611,065,829
<br />1.0733
<br />$11,254,640,872
<br />1.9799
<br />$13,777,991,781
<br />0.3602
<br />2016/17
<br />$14,122,441,576
<br />3.3375
<br />$7,801,342,475
<br />1.0733
<br />$11,536,006,894
<br />1.9799
<br />$14,122,441,576
<br />0.3512
<br />2017/18
<br />$14,475,502,615
<br />3.3375
<br />$7,996,376,037
<br />1.0733
<br />$11,824,407,066
<br />1.9799
<br />$14,475,502,615
<br />0.3424
<br />2018/19
<br />$14,837,390,180
<br />3.3375
<br />$8,196,285,438
<br />1.0733
<br />$12,120,017,243
<br />1.9799
<br />$14,837.390,180
<br />0.3338
<br />Source: Indian River County Office of Management and Budget.
<br />As shown in table 6.9, the county has a Municipal Service Taxing Unit (MSTU) and an emergency
<br />services district, each with a separate millage.
<br />Changes to the Capital Improvements Program
<br />With the gradual improving economy, County revenue increased in Fiscal Year 2013/14. County
<br />revenue is expected to continue to slowly increase through Fiscal Year 2017/18 above what was
<br />previously forecasted in the prior year's Capital Improvements Program
<br />Community Development Department
<br />Adopted , 2014, Ordinance 2014 -
<br />Indian River County
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