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fevenue Outlook <br />Indian River County has experienced relatively solid revenue growth as the recovery continues, however, <br />revenue growth has slowed in general. Some revenues have shown declines this year. Half -Cent Sales <br />Tax revenue is increasing by $401,120 or 4.0%. Gas taxes are mixed, with Constitutional Gas Tax rising <br />$52,925 or 2.9% while Local Option Gas Tax is falling by $100,000 or 2.7%. State Revenue Sharing is <br />expected to increase by $175,100 or 5.0%. Tourist Tax revenue estimates are flat, as current receipts <br />are running below last year's actual amounts. Communications Services Tax revenue reflects no change <br />from the current year also. Collectively, franchise fee revenue (electric utility, water/sewer, natural gas, <br />and solid waste) reflects a net increase of $25,000 from FY 2018/19 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 />Fund Description <br />2018/2019 <br />Adopted <br />Millage <br />2019/2020 <br />Proposed <br />Millage <br />Difference <br />% <br />Difference <br />General Fund <br />3.4604 <br />3.5475 <br />0.0871 <br />2.52% <br />Land Acquisition 2004 <br />0.2827 <br />0.2568 <br />(0.0259) <br />(9.16%) <br />Subtotal Countywide <br />Millage <br />3.7431 <br />3.8043 <br />0.0612 <br />1.64% <br />MSTU Fund <br />1.0733 <br />1.1506 <br />0.0773 <br />7.20% <br />Emergency Services District <br />2.3655 <br />2.3655 <br />0.0000 <br />0.00% <br />Aggregate Millage <br />5.9950 <br />6.1192 <br />0.1242 <br />2.07% <br />There are changes in the proposed millage rates for fiscal year 2019/20. Overall, the countywide millage <br />rate is increasing by 1.64%; this is reflective of the General Fund millage rate increase of 2.5%, offset by <br />a 9.2% reduction in the Land Acquisition Bond millage. <br />The M.S.T.U. Fund millage rate of 1.1506 is an increase of 7.2% over the current year, and is the first <br />millage increase in 16 years. The Emergency Services District millage is remaining flat at 2.3655. <br />For illustrative purposes, the effect of the preceding proposed rates on a home with an assessed value of <br />$200,000 and a homestead exemption of $50,000 is shown in the following table. <br />• <br />7 <br />