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Comprehensive Plan Capital Improvements Element
<br /> like the sales tax, gas taxes do not increase as a result of rising prices the way that sales taxes do.
<br /> Further, gas taxes do not typically decline as significantly as sales taxes during economic
<br /> slowdowns. For property taxes, impact fees, user fees, interest earnings, and other revenues,
<br /> additional behavioral characteristics were considered in forecasting future receipts. All such
<br /> forecasts were developed with the use of professionally accepted methodologies. To ensure a
<br /> financially balanced CIP (see Appendix A), scheduled expenditures were constrained by projected
<br /> revenues.
<br /> As part of this capital improvements element,the County's general revenues were forecasted for fiscal
<br /> years 2017/18 through 2021/22. This section addresses general revenues and earmarked projected
<br /> revenues as well as the county's tax base and millage rate projections.
<br /> • Overall Forecasted Revenues
<br /> Table 6.7 summarizes the County's forecasted revenue for fiscal years 2017/18 through 2021/22.
<br /> Those revenues include the County's general governmental funds, enterprise funds, and internal
<br /> funds. As table 6.7 shows, general revenue collected by the County is forecast to slightly increase
<br /> from fiscal year 2017/18 to fiscal year 2021/22 with revenues from"Other Sources" such as grants
<br /> fluctuating.
<br /> Table 6.7:Overall General Revenue Projection Summary
<br /> FY = 2017/18 2018/19 2019/20 2020/21 2021/22 TOTAL
<br /> Taxes $126,431,536 $129,592,000 $132,832,000 $136,153,000 $139,557,000 $664,565,536
<br /> Permits,Fees& $29,879,997 $30,627,000 $31,393,000 $32,178,000 $32,982,000 $157,059,997
<br /> Special Assess.
<br /> Intergovern- $22,050,342 $22,602,000 $23,167,000 $23,746,000 $24,340,000 $115,905,342
<br /> ment
<br /> Charges for $72,628,674 $74,444,000 $76,305,000 $78,213,000 $80,168,000 $381,758,674
<br /> Services
<br /> Judgements,
<br /> Fines& $434,490 $445,000 $456,000 $467,000 $479,000 $2,281,490
<br /> Forfeitures
<br /> Interest& $6,699,992 $6,867,000 $7,039,000 $7,215,000 $7,395,000 $35,215,992
<br /> Misc.
<br /> Other Sources $99,549,159 $90,572,097 $98,350,608 $63,715,949 $47,679,062 $399,866,875
<br /> TOTAL $357,674,190 $355,149,097 $369,542,608 $341,687,949 $332,600,062 $1,756,653,906
<br /> Source: Indian River County Office of Management and Budget.
<br /> Community Development Department Indian River County
<br /> Adopted December 5,2017,Ordinance 2017-015 28
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