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Special Revenue and Capital Projects Funds <br />There are nineteen Street Lighting M.S.B.U.'s administered by Indian River County, of which twelve have <br />no recommended changes in rates. Seven (7) Street Lighting Districts are increasing in FY 2016/17 due <br />primarily to an anticipated Florida Power & Light rate increase. These districts include Laurelwood, Vero <br />Highlands, Laurel Court, Tierra Linda, Vero Shores, Ixora Park, and Royal Poinciana. Rate changes are <br />summarized in the table below: <br />Streetlighting District Assessments with Proposed Increases <br />2015/2016 <br />2016/2017 <br />Annual <br />Per Parcel/ <br />Per Parcel/ <br />Increase <br />Streetlighting Districts <br />Acre/Lot Charge <br />Acre/Lot Charge <br />Decrease <br />Laurelwood <br />$30.00 <br />$36.00 <br />$6.00 <br />Vero Highlands <br />$33.00 <br />$36.00 <br />$3.00 <br />Laurel Court <br />$27.00 <br />$39.00 <br />$12.00 <br />Tierra Linda <br />$21.00 <br />$29.00 <br />$8.00 <br />Vero Shores <br />$19.00 <br />$24.00 <br />$5.00 <br />Nora Park <br />$17.00 <br />$20.00 <br />$3.00 <br />Royal Poinciana <br />$32.00 <br />$39.00 <br />$7.00 <br />In addition, there are no proposed rate changes in the following Municipal Service Benefit Units <br />(MSBU's): Vero Lake Estates, E. Gifford Stormwater, and Oceanside Street Paving. <br />Optional Sales Tax <br />The Optional Sales Tax (OST) Fund budget is $26,099,675, a decrease of $29.0 million or 52.6% from <br />the current year. This decrease is due largely to the fluctuation in capital projects from year to year. <br />The Optional Sales Tax Fund includes projects in the Gifford community such as $176,727 for stormwater <br />improvements in East Gifford and $90,000 in sidewalks along 43rd Avenue. In addition, there is $125,000 <br />for 45th Street Phase II Beautification funded for gas taxes and $70,000 for Street lighting improvements. <br />• <br />• <br />As the Optional Sales Tax is set to expire in 2019, it is imperative that the general public understands the <br />significance of this funding source in keeping property taxes low and in meeting Indian River County's <br />infrastructure needs for both residents and tourists alike. Infrastructure needs must be sized <br />appropriately to meet the demands of our peak seasonal population. Toward that end, a series of <br />informational meetings has been held with various civic groups and homeowners associations to educate <br />the public and to answer questions prior to the referendum vote during ,the Presidential election in <br />November. • <br />14 <br />