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Comprehensive Plan Capital Improvements Element
<br /> Table 6.9:Indian River County Tax Base and Millage Projections
<br /> General Fund M.S.T.U. Emergency Services District Environmental Land
<br /> Fiscal Acquisition
<br /> Year
<br /> Tax Base Millage Tax Base Millage Tax Base Millage Tax Base Millage
<br /> 2017/18 $16,301,511,097 3.4604 $8,986,139,414 1.0733 $13,355,896,117 2.3655 $16,301,511,097 0.2955
<br /> 2018/19 $16,953,571,541 3.4604 $9,345,584,991 1.0733 $13,890,131,962 2.3655 $16,953,571,541 0.2837
<br /> 2019/20 $17,631,714,403 3.4604 $9,719,408,391 1.0733 $14,445,737,240 2.3655 $17,631,714,403 0.2723
<br /> 2020/21 $18,336,982,979 3.4604 $10,108,184,727 1.0733 $15,023,566,730 2.3655 $18,336,982,979 0.2614
<br /> 2021/22 $19,070,462,298 3.4604 $10,512,512,116 1.0733 $15,624,509,399 2.3655 $19,070,462,298 0.1757
<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 /> County revenue for"Permits,Fees&Special Assessments","Judgements,Fines&Forfeitures",and
<br /> "Interest&Misc."are expected to increase through Fiscal Year 2021/22 above what was previously
<br /> forecasted in the prior year's Capital Improvements Program. County revenue for
<br /> "Intergovernmental","Charges for Services",and"Other Sources"are expected to increase through
<br /> Fiscal Year 2021/22, at the same rate as previously forecasted in the prior year's Capital
<br /> Improvements Program,however,the starting FY 2017/18 amount for each of these three categories
<br /> is less than previously forecasted. With respect to the"Intergovernmental"funds,the lower amount
<br /> for FY 2017/18 is due to a reduction in grant funds.
<br /> With this year's update, some projects have had their timeframes extended and some have had their
<br /> funding sources changed as priorities have shifted, and projects previously underfunded have been
<br /> designated to receive additional projected funding from sources that have become available. This
<br /> includes projected increased revenue from assessments and user fees,gas taxes,various impact fees,
<br /> and developer funded construction projects due to projected increased development activity and
<br /> continually improving market conditions.While some project time frames have been extended,none
<br /> of the extensions will impact development project concurrency reservations.
<br /> With respect to transportation projects, available roadway capacity has recently increased because
<br /> concurrency certificates for some development projects with vested trips have expired.These trips are
<br /> now reflected as available in the County's concurrency management system.
<br /> By extending the timeframe of transportation projects,the County can utilize its limited resources to
<br /> complete priority concurrency related projects within the overall capital improvements program. In
<br /> effect,the County needs to delay some projects so that other projects will remain fundable and so that
<br /> additional priority projects may be funded. By funding necessary projects and other priority projects,
<br /> Community Development Department Indian River County
<br /> Adopted December 5,2017,Ordinance 2017-015 30
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