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Comprehensive Plan Capital Improvements Element
<br />Table 6.9: Indian River County Tax Base and Millage Projections
<br />Fiscal
<br />General Fund
<br />M.S.T.U.
<br />Emergency Services District
<br />Environmental Land
<br />Acquisition
<br />Year
<br />Tax Base
<br />Millage
<br />Tax Base
<br />Millage
<br />Tax Base
<br />Millage
<br />Tax Base
<br />Millage
<br />2017/18
<br />$16,301,511,097
<br />3.4604
<br />$8,986,139,414
<br />1.0733
<br />$13,355,896,117
<br />2.3655
<br />$16,301,511,097
<br />0.2955
<br />2018/19
<br />$16,953,571,541
<br />3.4604
<br />$9,345,584,991
<br />1.0733
<br />$13,890,131,962
<br />2.3655
<br />$16,953,571,541
<br />0.2837
<br />2019/20
<br />$17,631,714,403
<br />3.4604
<br />$9,719,408,391
<br />1.0733
<br />$14,445,737,240
<br />2.3655
<br />$17,631,714,403
<br />0.2723
<br />2020/21
<br />$18,336,982,979
<br />3.4604
<br />$10,108,184,727
<br />1.0733
<br />$15,023,566,730
<br />2.3655
<br />$18,336,982,979
<br />0.2614
<br />2021/22
<br />$19,070,462,298
<br />3.4604
<br />$10,512,512,116
<br />1.0733
<br />$15,624,509,399
<br />2.3655
<br />$19,070,462,298
<br />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 maybe 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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