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The proposed millage rate of 2.3655 is an increase of 2.80% over the current rate and equates to an increase of $6.45 per $100,000 of taxable value. This represents an 8.90% increase above the rolled back millage rate. It is important to note that the two principal revenue sources in the Emergency Services District are ad valorem taxes (84.3% of total FY18 fund revenues) and Advanced Life Support (ALS) ambulance user fees (14.8% of total FY18 fund revenues). Ambulance user fees are budgeted . conservatively as there is volatility from year to year in the revenue generated. The FY18 budget includes an additional $250,000 from this revenue source, but the cost of improving service to the public by opening the new station requires additional ad valorem support. Land Acquisition Bonds - 2004 Referendum Total debt service expenses are budgeted at $4,589,350, which is an increase of $42,803, or 0.9%. The millage rate is 0.2955, which is a decrease of 5.98%. Solid Waste Disposal District (SWDD) NOTE: The Solid Waste Disposal District and Enterprise budgets are presented in accordance with Generally Accepted Accounting Principles (GAAP). As a result depreciation is included as a budgeted expense, while capital outlay and debt service principal payments are excluded. The total proposed SWDD budget is $14,039,078, which is a decrease of $314,105 or 2.2% (page 39). The capital budget includes $2,252,500 to initiate the design, permitting, and construction of Cell II, Segment 3 at the County landfill site on Oslo Road. This project is important as it builds future landfill capacity for garbage disposal in Indian River County. Proposed residential assessment rates are increasing by $6.49 (6.33%) to $109.10 per Equivalent Residential Unit. Commercial rates are increasing by $2.12 (5.96%) to $37.67 per Waste Generation Unit (W.G.U). The proposed readiness -to -use fee is $21.59 per W.G.U, an increase of $1.10 from last fiscal year. The rate increase is driven by a $770,000 increase in the cost to construct, update, and maintain closed landfill cells. Special Revenue and Capital Projects Funds All but one of the nineteen Street Lighting Districts' rates will remain unchanged. Tierra Linda will increase from $29.00 to $39.00 per parcel acre, due to declining fund balance available to support operations. In addition, there are no proposed rate changes in the following Municipal Service Benefit Units (MSBU's): Vero Lake Estates, E. Gifford Stormwater, and Oceanside Street Paving. • • 14