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Table 6.9: Indian River County Tax Base and Millage Projections
<br />Fiscal
<br />General Fund
<br />M.S.T.U.
<br />Emergency Services District
<br />Environmental Land
<br />Acquisition
<br />Year
<br />Tax Base
<br />Millage
<br />Tax Base
<br />Millage
<br />Tax Base
<br />Millage
<br />Tax Base
<br />Millage
<br />30iwi8
<br />2019/20
<br />$17,369,356,65
<br />518576104581
<br />3.4694
<br />3,5475
<br />$938-5,018;162
<br />$10,22p2,7�4p1,3�9�6
<br />j.0:733
<br />1.1506
<br />S14,262,14;,851
<br />115.223.270.315
<br />2.3665
<br />2,336`5`5
<br />c„'Ror "'�� "o
<br />SIS.5576.104,581
<br />041:7
<br />0�.215f688
<br />2'0x8'9
<br />2020/21
<br />-gJi'a;964 39,916
<br />$19.133.387.718
<br />3.4694
<br />.5475
<br />4v9,968-,4.18;588
<br />510.529.423.638
<br />1 ngag
<br />1.1506
<br />S14,832,639,45
<br />515.679.968.424
<br />2..m
<br />2.3655
<br />U"64,130,916
<br />519.133.387.718
<br />0171.4
<br />0.2465
<br />29s�6,153
<br />2021/22
<br />519.707.389.350
<br />3.4604
<br />47
<br />610,36,,16;,644
<br />510.845.306.347
<br />1 nom,]]
<br />11
<br />$15,425,939,116 �
<br />516150.36-477
<br />2.3655
<br />2.3655
<br />$18,786,696,153
<br />519.70-389.350
<br />02604
<br />0.2367
<br />2929F21
<br />2022/23
<br />$�„999
<br />$20,101,537.13
<br />3.4604
<br />1 3.5475
<br />$18 5154 8;8
<br />$11.062,212,474
<br />•.^�14
<br />1.1506
<br />$16,042,976,681 '
<br />$16.473.374,827
<br />2.3655
<br />2.3655
<br />$19338,163,999
<br />520.101.537.137
<br />93401
<br />0.2272
<br />392IQ.2
<br />2023/24
<br />c,n i 1�<nn ccn<nn ccnA
<br />520.503.567.880
<br />4604
<br />I 3:5475
<br />cl 1,2;3,116,545
<br />511.283.456.723
<br />33
<br />T1506
<br />516.802.842.324
<br />9
<br />2.3655
<br />( _
<br />520.50356-880
<br />0;3401
<br />11111
<br />Source: Indian River County Office of Management and Budget.
<br />As shown in table 6.9, the county has a Municipal Service Taxing Unit (MSTU) and an emergency
<br />services district, each with a separate millage.
<br />Changes to the Capital Improvements Program
<br />All County revenue sources except "Other Sources” are expected to increase at a rate of 2.5% through
<br />Fiscal Year 2022/23 2023/24 and all County revenue sources except for Judgements, Fines &
<br />Forfeitures are projected to be above what was previously forecasted in the prior year's Capital
<br />Improvements Program. With respect to the "Other Sources" funds, the decreasing yearly amount is
<br />due to uncertainty in grant funds, as that funding source is dependent on a number of factors
<br />including but not limited to economic conditions, and the competitiveness of grant applications.
<br />With this year's update, some projects have had their timeframes extended and some have had their
<br />funding sources changed as priorities have shifted, and projects previously underfunded have been
<br />designated to receive additional projected funding from sources that have become available. This
<br />includes projected increased revenue from assessments and user fees, gas taxes, various impact fees,
<br />and developer funded construction projects due to projected increased development activity and
<br />continually improving market conditions. While some project time frames have been extended, none
<br />of the extensions will impact development project concurrency reservations.
<br />By extending the timeframe of transportation projects, the County can utilize its limited resources to
<br />complete priority concurrency related projects within the overall capital improvements program. In
<br />effect, the County needs to delay some projects so that other projects will remain fundable and so that
<br />additional priority projects maybe funded. By funding necessary projects and other priority projects,
<br />and by extending the time frames for other projects, the County is maintaining a financially feasible
<br />capital improvements element.
<br />As allowed by state law, the County can consider the additional capacity to be produced by those
<br />anticipated nearer term roadway improvement projects as being available now for concurrency
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