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Earmarked Projected Revenues
<br />Earmarked revenues are revenues that are restricted in terms of use. Such revenues may be found in
<br />the Transportation Element, Sanitary Sewer Sub -Element, Potable Water Sub -Element, and Solid
<br />Waste Sub -Element.
<br />Table 6.8 provides a summary of earmarked revenue forecasts by applicable comprehensive plan
<br />element for fiscal years 2019/20 through 2023/24. As shown.in table 6.8, forecasted transportation
<br />revenues are broken down by their sources. Earmarked forecasted transportation revenues are
<br />expected to increase by 5.96% over the next five fiscal years, from $28,206,075 in FY 2019/20 to
<br />$29,996,211 in FY 2023/24.
<br />For potable water and sanitary sewer, earmarked revenue is expected to increase by 9.40% over the
<br />next five fiscal years, from $37,117,014 in FY 2019/20 to $40,970,000 in FY 2023/24. Over the next
<br />five years, earmarked revenue for solid waste is expected to increase by 9.40% from $16,237,578 in
<br />FY 2019/20 to $17,924,000 in FY 2023/24.
<br />Table 6.8: Earmarked Projected Revenue by Comprehensive Plan Element
<br />Transportation
<br />Potable
<br />Local
<br />1 cent
<br />Fiscal
<br />Water &
<br />Solid Waste
<br />Year
<br />as
<br />Constitutional
<br />County
<br />Traffic
<br />optional
<br />Interest on
<br />Total
<br />Sanitary
<br />Gas
<br />Tax*
<br />Gas Tax
<br />Tax
<br />Impact Fee
<br />sales tax
<br />Gas Tax
<br />Sewer
<br />2019/20
<br />$3,600,000
<br />$1,877,925
<br />$815,000
<br />$2,843,150
<br />$19,000,000
<br />$70,000
<br />S28.206,075
<br />$37,117,014
<br />$16,237,578
<br />2020/21
<br />$3,600,000
<br />$1,897,000
<br />$823,000
<br />$2,872,000
<br />$19,380,000
<br />$70,000
<br />$28,642,000
<br />$38,045,000
<br />$16,644,000
<br />2021/22
<br />$3,600,000
<br />$1,916,000
<br />$831,000
<br />$2,901,000
<br />$19,767,600
<br />$70,000
<br />$29,085,600
<br />$38,996,000
<br />$17,060,000
<br />2022/23
<br />$3,600,000
<br />$1,935,000
<br />$839,000
<br />$2,930,000
<br />$20,162,952
<br />$70 000
<br />$29,536,952
<br />$39,971,000
<br />$17,487,000
<br />2023/24
<br />$3,600,000
<br />$1,954,000
<br />$847,000
<br />$2,959,000
<br />$20,566,211
<br />1 $70,000
<br />$29,996,211
<br />$40,970,000
<br />$17,924,000
<br />Source: Indian River County Office of Management and Budget.
<br />• Tax Base, Assessment Ratio, Millage Rate
<br />Table 6.9 summarizes the county's tax base forecasts which are categorized by fund through FY
<br />2023/24. Overall, the countywide ad valorem tax base is the same as the general fund category
<br />identified in table 6.9.
<br />no
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