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Special Revenue and Capital Projects Funds Seven street lighting districts reflect lower assessments in FY2018/2019 as a result of the sale of Vero Beach Electric to Florida Power and Light based on lower rates for electricity. The table below compares the assessment rates from FY2018 to FY2019. Table 3 Street Lighting Districts - Proposed vs. Current District 201712018 Parcel/Acre 201812019 Parcel/Acre Variance Gifford $25.00 $23.00 ($2.00) Laurelwood $36.00 $36.00 $0.00 Rockridge $8.00 $7.00 ($1.00) Vero Highlands $36.00 $36.00 $0.00 Porpoise Point $11.00 $10.00 ($1.00) Laurel Court $39.00 $39.00 $0.00 Tierra Linda $39.00 $39.00 $0.00 Vero Shores $24.00 $24.00 $0.00 Ixora Park $20.00 $20.00 $0.00 Royal Poinciana $39.00 $39.00 $0.00 Roseland Road $1.00 $1.00 $0.00 Whispering Pines $16.00 $16.00 $0.00 Moorings $10.00 $9.00 ($1.00) Walker's Glen $22.00 $20.00 ($2.00) Glendale Lakes $40.00 $40.00 $0.00 Floralton Beach $50.00 $46.00 ($4.00) West Wabasso $21.00 $21.00 $0.00 Oceanside (perldt) $57.00 $51.00 ($6.00) Oslo Park (perlot) $25.47 $25.47 $0.00 Optional Sales Tax During the November 2016 general election, 64.35% of Indian River County voters approved the extension of the Optional Sales Tax for an additional fifteen (15) years through December 31, 2034, reflecting voter confidence in how these funds have been administered by the County. This revenue is a principal funding source for Indian River County capital projects, and, coupled with conservative budgetary practices, allows the county to maintain very low millage rates. As infrastructure must be sized to meet peak seasonal population needs, it is appropriate that this revenue source is paid by both residents and tourists. The Optional Sales Tax (OST) Fund budget is $23,810,855 reflecting a decrease of $21,672,339 or 47.6% from the current year. This is due largely to the fluctuation in capital projects from year to year. The largest component of budgeted projects is for road construction. 15