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07/12/2017 (2)
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07/12/2017 (2)
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6/5/2023 1:19:38 PM
Creation date
12/31/2019 11:01:49 AM
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Meetings
Meeting Type
Workshop Meeting
Document Type
Agenda Packet
Meeting Date
07/12/2019
Meeting Body
Board of County Commissioners
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She 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 the recently approved contracts. <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, Half -Cent Sales <br />Tax revenue is increasing $300,000 or 3.3%, Gas taxes are also increasing by $255,000 or 4.2% overall. <br />State Revenue Sharing is expected to increase by $75,000 or 2.3%. Optional sales tax revenue is <br />budgeted to increase by $1,200,000 or 7.8%. Building permit revenue is budgeted flat as revenues are at <br />all-time highs. However, certain revenues are down including franchise fees - $287,500 and the <br />Communications Services Tax is down $200,000 reflecting exemptions granted to the fee base. <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 />Fund Description <br />2016/2017 <br />Adopted <br />Millage <br />2017/2018 <br />Proposed <br />Millage <br />Difference <br />% <br />Difference <br />General Fund <br />3.3602 <br />3.4259 <br />0.0657 <br />1.96% <br />Land Acquisition 2004 <br />0.3143 <br />0.2955 <br />(0.0188) <br />(5.98%) <br />Subtotal Countywide Millage <br />3.6745 <br />3.7214 <br />0.0469 <br />1.28% <br />MSTU Fund <br />1.0733 <br />1.0733 <br />0.0000 <br />0.00% <br />Emergency Services District <br />2.3010 <br />2.3655 <br />0.0645 <br />2.80% <br />Aggregate Millage <br />5.8349 <br />5.9556 <br />0.1207 <br />2.19% <br />There are changes in the proposed millage rates for fiscal year 2017/18. Overall, the countywide millage <br />rate is increasing by 1.28%; this is reflective of the General Fund millage rate increasing by 0.0657 mills <br />or 1.96%, offset by a 5.98% 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 increasing 2.80% due primarily to the addition of new fire rescue station and <br />replacement capital equipment. <br />aw positions related to development review are proposed to be supported by ad valorem taxes; recent <br />rd policy direction is to undertake a comprehensive review of development review processes with a <br />7 <br />
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