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The proposed budget includes funding for modest salary increases for County employees. Wage <br />reopeners in the collective bargaining agreements with the Teamsters and the International Association of <br />Firefighters (IAFF) are currently being negotiated in accordance with approved contract'provisions. <br />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, budgeted Half - <br />Cent Sales Tax revenue is increasing by $500,000 or 5.3%. Collectively, gas taxes are increasing by <br />$147,500 or 2.3% overall. State Revenue Sharing is expected to increase by $102,000 or 3.0%. Building <br />permit revenue reflects a budgeted increase of $275,000 or 9.0% which is consistent with FY17 and FY18 <br />receipts. Communications Services Tax revenue reflects an increase of $100,000 or 10.0%. Collectively, <br />franchise fee revenue (electric utility, water/sewer, natural gas, and solid waste) reflects a net increase of <br />$52,000 from FY18 budget levels <br />Proposed Ad Valorem Tax Rates and Fees <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 />There are changes in the proposed millage rates for fiscal year 2018/19. Overall, the countywide millage <br />rate is decreasing by 0.34%; this is reflective of the General Fund millage rate remaining constant at <br />3.4604 mills, offset by a 4.33% reduction in the Land Acquisition Bond millage. <br />The M.S.T.U. Fund millage rate of 1.0733 remains the same as the current year. The Emergency <br />Services District millage is also remaining flat at 2.3655. <br />0 <br />2017/2018 <br />2018/2019 <br />Fund Description <br />Adopted <br />Proposed <br />Difference <br />Millage <br />Millage <br />Difference <br />General Fund <br />3.4604 <br />3.4604 <br />0.0000 <br />0.00% <br />Land Acquisition 2004 <br />0.2955 <br />0.2827 <br />0.0128 <br />4.33% <br />Subtotal Countywide <br />Millage <br />3.7559 <br />3.7431 <br />0.0128 <br />0.34% <br />MSTU Fund <br />1.0733 <br />1.0733 <br />0.0000 <br />0.00% <br />Emergency Services District <br />2.3655 <br />2.3655 <br />0.0000 <br />0.00% <br />Aggregate Milla a <br />5.9901 <br />5.9950 <br />0.0049 <br />0.08% <br />There are changes in the proposed millage rates for fiscal year 2018/19. Overall, the countywide millage <br />rate is decreasing by 0.34%; this is reflective of the General Fund millage rate remaining constant at <br />3.4604 mills, offset by a 4.33% reduction in the Land Acquisition Bond millage. <br />The M.S.T.U. Fund millage rate of 1.0733 remains the same as the current year. The Emergency <br />Services District millage is also remaining flat at 2.3655. <br />0 <br />