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• revenue Outlook <br />Indian River County has experienced relatively solid revenue growth as the recovery continues. New <br />construction activity has increased from very low levels during the downturn. In addition, Half -Cent Sales <br />Tax revenue is increasing $640,000 or 7.6%, Gas taxes are also increasing by $275,000 or 5.4% overall. <br />State Revenue Sharing is expected to increase by $225,000 or 7.3%. Building permit revenues are <br />expected to increase $600,000 or 30.0%. Tourist tax revenue is budgeted to increase 11.7%. <br />Proposed Ad Valorem Tax bates <br />Based on the preliminary rolls and recommended expenses, the proposed millage rates are as follows: <br />Table 2 <br />Comparison of Adopted Millage Rates to Proposed <br />Fund Description <br />2015/2016 <br />Millage <br />2016/2017 <br />Proposed <br />Millage <br />Difference <br />% Difference <br />General Fund <br />3.3602 <br />3.3602 <br />0.0000 <br />0.00% <br />Land Acquisition 2004 <br />0.3315 <br />0.3143 <br />(0.0172) <br />(5.19%) <br />Subtotal Countywide Millage <br />3.6917 <br />3.6745 <br />(0.0172) <br />(0.47%) <br />M.S.T.U. Fund <br />1.0733 <br />1.0733 <br />0.0000 <br />0.00% <br />Emergency Services District <br />2.2551 <br />2.3010 <br />0.0459 <br />2.04% <br />Aggregate Millage <br />5.8001 <br />5.8349 <br />0.0348 <br />0.69% <br />The countywide millage rate is decreasing slightly from the current year due to a slight decrease of 5.19% <br />in the Land Acquisition millage: The, proposed rate for the General Fund and the M.S.T.U. Funds are. <br />the same as the current year. The Emergency Service District millage is increasing by 2.04% due largely <br />to the addition of Fire Rescue Station 15 and the purchase of replacement capital equipment. <br />Staff proposes to leave SWDD residential and commercial assessment rates flat. The SWDD <br />Readiness -To -Use fee is increasing $0.53 to $20.49, and the Landfill Disposal Fee paid by INEOS is <br />increasing $0.20 to $19.51. Various Streetlighting Districts are increasing due largely to a planned FPL <br />rate increase of 13%. Building permit fees reflect a planned fee reduction of 5%. No other increases in <br />rates or fees are proposed for the upcoming fiscal year. <br />For illustrative purposes, the effect of the preceding proposed rates on a home with an assessed value of <br />200,000 and a homestead exemption of $50,000 is shown, in the following table. <br />7 <br />