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Comprehensive Plan Capital Improvements Element
<br />Table 6.$: Earmarked Projected Revenue by Comprehensive Plan`Element
<br />illage.Prajeet%ns, .,
<br />ndian`Riyer.County,Taa Ease andI11,
<br />Transportatiod
<br />I'0C
<br />General Fund .
<br />M S T.U.
<br />Emergency'Servic c D>stnct�
<br />1 cent
<br />Interest onq
<br />Fiscal
<br />S©tyWaste
<br />Year
<br />optionTGas
<br />Constitutional
<br />Coud{`T.
<br />R`optional
<br />Trai�c
<br />Tait Base
<br />Millage '
<br />Iotnl .
<br />2015/16
<br />3.3602
<br />$7,924,354,271
<br />lax,
<br />Gas Tax.
<br />Impact Fee
<br />salmi tax
<br />Gas Tax
<br />$14,705,834,937
<br />3.3602
<br />$8,122,463,128
<br />2015/16
<br />$3,275,000
<br />$1,620,000
<br />$710,000
<br />$2,250,000
<br />$14,500,000
<br />$40,000
<br />$22,395,000
<br />$31,155,667
<br />$13,137,435
<br />2016/17
<br />$3,308,000
<br />$1,636,000
<br />$717,000
<br />$2,500,000
<br />$14,935,000
<br />$60,000
<br />$23,156,000
<br />$31,935,000
<br />$13,466,000
<br />2017/18
<br />$3,341,000
<br />$1,652,000
<br />$724,000
<br />$2,750,000
<br />$15,383,000
<br />$120,000
<br />$23,970,000
<br />$32,733,000
<br />$13,803,000
<br />2018/19
<br />$3,374,000
<br />$1,669,000
<br />$731,000
<br />$3,000,000
<br />$15,844,000
<br />$120,000
<br />$24,738,000
<br />$33,551,000
<br />$14,148,000
<br />2019/20
<br />$3,408,000
<br />$1,686,000
<br />$738,000
<br />$3,000,000
<br />$4,079,750*
<br />$120,000
<br />$13,031,750
<br />j $34,390,000
<br />$14,502,000
<br />Source: Indian River County Office of Management and Budget.
<br />* This reduction is associated with the scheduled expiration of the voter approved one cent optional sales tax.
<br />* Tax Base, Assessment Ratio, Millage Rate
<br />Table 6.9 summarizes the county's tax base forecasts which are categorized by fund through FY
<br />2019/20. Overall, the countywide ad valorem tax base is the same as the general fund category
<br />identified in table 6.9.
<br />Table 6.9
<br />illage.Prajeet%ns, .,
<br />ndian`Riyer.County,Taa Ease andI11,
<br />General Fund .
<br />M S T.U.
<br />Emergency'Servic c D>stnct�
<br />z
<br />Fiscal
<br />t . ,
<br />Year
<br />Tax Base
<br />Millage
<br />Tax Base
<br />Millage
<br />Tait Base
<br />Millage '
<br />Tax ,ase. Mlla$e
<br />2015/16
<br />$14,347,156,036
<br />3.3602
<br />$7,924,354,271
<br />1.0733
<br />$11,751,256,935
<br />2.2551
<br />$14,347,156,036 0.3315
<br />2016/17
<br />$14,705,834,937
<br />3.3602
<br />$8,122,463,128
<br />1.0733
<br />$12,045,038,358
<br />2.2551
<br />$14,705,834,937 0.3232
<br />2017/18
<br />$15,073,480,810
<br />3.3602
<br />$8,325,524,706
<br />1.0733
<br />$12,346,164,317
<br />2.2551
<br />$15,073,480,810 0.3151
<br />2018/19
<br />$15,450,317,830
<br />3.3602
<br />$8,533,662,824
<br />1.0733
<br />$12,654,818,425
<br />2.2551
<br />$15,450,317,830 0.3073
<br />2019/20
<br />$15,836,575,776
<br />3.3602
<br />$8,747,004,395
<br />1.0733
<br />$12,971,188,886
<br />2.2551
<br />$15,836,575,776 0.2996
<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 2014/15. County
<br />revenue is expected to continue to slowly increase through Fiscal Year 2016/17 above what was
<br />previously forecasted in the prior year's Capital Improvements Program
<br />With this year's update, some projects have had their timeframes extended and some have had their
<br />funding sources changed as other entities have agreed to take over funding of the projects. While
<br />Community Development Department Indian River County
<br />Adopted pe c . 1 9 2015, Ordinance 2015- (317_ 31
<br />
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